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DewDiligence

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DewDiligence

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Re: OakesCS post# 20798

Monday, 02/03/2020 8:50:23 PM

Monday, February 03, 2020 8:50:23 PM

Post# of 29406

CLB—Tool technology that minimizes those effects is useful and the sort of thing that would be useful to know whether it is part of their technology.

I presume that it is. However, one thing to bear in mind is that the Production Enhancement segment (where the high-tech fracking products we’ve been discussing reside) comprises only ~35% of CLB’s sales and ~25% of its operating income. The Reservoir Description segment, which offers the core- and fluid-analysis services CLB is best known for, accounts for ~65% of sales and ~75% of operating income.

Hence, no matter how impressive CLB’s fracking technology may be, CLB needs a material boost in big-ticket deepwater projects to get back in favor with investors.

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

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