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!”
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.