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DewDiligence

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DewDiligence

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Re: OakesCS post# 933

Friday, 05/28/2010 4:06:29 PM

Friday, May 28, 2010 4:06:29 PM

Post# of 30546
Fallout from the deepwater “moratorium” affected CLB shares today—down almost 3%. This is probably an overreaction; the deepwater GoM comprises only a small portion of CLB’s contracts, and I would expect CLB to be able to be able to substitute business elsewhere if activity in the GoM does not return to baseline. Comments?


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

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