Replies to post #9604 on The Rising Influence of Rising Affluence

[DewDiligence]

CLB—I wonder what revenue and EPS investors were expecting in 1Q15 before reading today’s PR? I would’ve thought a 12% YoY decline in revenue and a 20% YoY decline in EPS (as per 1Q15 guidance) were already baked into the share price, which was already down by half from its Apr 2014 high (before the after-hours sell-off).

[DewDiligence]

CLB—I'd look for info regarding relative shares of N Sea, NAm, and deepwater anywhere vs Middle East. Judging by what I see in the job market, the former are losing humans while recruiters are looking for humans to go to the latter.

That’s consistent with CLB’s PR:

… Core anticipates that North American land rig counts will continue to fall sharply into the second quarter of 2015, while deepwater GOM activities continue at, or near, fourth quarter 2014 levels. International activity levels will decrease slightly, with the Middle East region continuing at a relatively higher level of activity.

[DewDiligence]

CLB addendum: They are cutting jobs at their regional labs in Calgary and Kuala Lumpur, but not at those in Houston, Aberdeen, Perth, and Abu Dhabi.