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Replies to post #8442 on The Rising Influence of Rising Affluence
DewDiligence
05/16/14 7:09 PM
#8458 RE: OakesCS #8442
Management will probably need to adjust to the concept that these first shale plays are beginning to mature, and that exploration and appraisal will be less needed. Thankfully, Core Labs has a variety of geographies and revenue sources, including, particularly, deepwater. In the long run there should be little doubt in Core Labs' ability to adapt to the needs of its customers and maintain a competitive advantage through its patented technologies. …Don't be too worried about Core Labs' earnings growth. Over time, the service intensity of oil extraction has been growing, and Core Labs is a greater beneficiary of that trend than anyone else is. Management can develop more heavily in other areas if development of the older North American shale plays levels off. There are some very powerful, secular forces at work that are in favor of Core Labs.