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DewDiligence

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DewDiligence

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Re: DewDiligence post# 16557

Sunday, 04/29/2018 3:39:04 PM

Sunday, April 29, 2018 3:39:04 PM

Post# of 29408
CLB 1Q18 addendum: Management says the Reservoir Description segment, which is responsible for about 2/3 of overall revenue and is closely tied to international deep-water projects, bottomed in 1Q18.

CLB’s overall revenue and profit bottomed in 3Q16 and has recovered nicely since then due to resumed growth in the Production Enhancement segment, which is closely tied to US shale activity.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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