• 5 minutes Covid-19 logarithmic growth
  • 8 minutes Why Trump Is Right to Re-Open the Economy
  • 12 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 14 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 2 hours Washington doctor removed from his post, over covid
  • 12 mins TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 3 hours Which producers will shut in first?
  • 1 hour Shale Legs
  • 3 hours The Most Annoying Person You Have Encountered During Lockdown
  • 8 mins Real Death Toll In CCP Virus May Be 12X Official Toll
  • 16 mins WE have a suicidal player in the energy industry
  • 6 hours How to Create a Pandemic
  • 54 mins KSA taking Missiles from ?
  • 7 hours Trump eyes massive expulsion of suspected Chinese spies
  • 9 hours Did Trump start the oil price war?
  • 15 hours Eight Billion Dollars Wasted on Nuclear Storage Plant
Alt Text

The Worst Is Still To Come For Oil Markets

There isn’t any incentive to…

Alt Text

Why Are Tesla Cars So Popular?

From their sleek futuristic design…

David Messler

David Messler

Mr. Messler is an oilfield veteran, recently retired from a major service company. During his thirty-eight year career he worked on six-continents in field and…

More Info

Premium Content

Is This The Most Underrated Upstream Player In The Industry?

Beginning in 2016 oil prices bottomed, and began a stop-start recovery that has restored WTI and Brent (two globally recognized bench marks for oil) to about 65-70 percent of their 2014 levels. Major oil companies have recovered 75-90 of their 2014 prices, driven largely by surging profits from cost cutting. Oilfield service companies have not participated in the stock price recovery to the same extent as oil companies.

Segment leaders like Schlumberger, and Halliburton languish at levels that reflect about one third of their 2014 prices. Hit even harder are companies that would be early beneficiaries of a pronounced recovery. I am thinking of the offshore drillers primarily here. Transocean and Ensco, despite mergers and rig retirements, struggle currently at levels about 20 percent of their 2014 prices.

I discussed one of these companies, Transocean, in a recent OilPrice article, recommending it in the sub-$8.00/share range. In this article we will take a look at Core Laboratories, (CLB). Core is another company that will benefit early in the oilfield service recovery cycle I think could be in the offing. Accordingly, I think it presents a compelling value at today’s prices.

Following Warren Buffett’s advice, I like to buy good companies when others are fearful. There is certainly plenty of fear in the market right now!

Core sees signs of an early stage recovery

Core Laboratories, (CLB) participates in two upstream oilfield businesses…






Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News