Replies to post #6909 on The Rising Influence of Rising Affluence

[DewDiligence]

I disagree with the comment about shale oil not making money below $91.

CLB’s CEO was careful to note that this is the opinion expressed by the preponderance of CLB’s customers. Clearly, some companies can produce shale oil profitably at $90 WTI, but (according to CLB) many will put their capital elsewhere when the prevailing price is below that threshold.

I suspect clb has a cost advantage on some of their services that will be hard to beat. However, I suspect that as more of their employees figure out they can make more elsewhere, those cost advantages will decrease but we'll need higher oil prices before that becomes a big problem.

I’m not sure I understand the connection between the CLB’s salary discount relative to larger competitors and the price of oil. Are oil-services companies (and the oil-services departments of E&P and integrated companies) not hiring now?

[DewDiligence]

CLB +6% to all-time high on no news that I’m aware of.