Replies to post #20798 on The Rising Influence of Rising Affluence

[DewDiligence]

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.