26
Apr
Wrap – Week Ended 4/24/15
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Questions and comments will be addressed in the Monday post.
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Z Don't know if you got a chance to go through the CLB quarter. Quarter was excellent. Nice move since mid March. CEO was on Cramer last Thurs. Calling for a V crude bottom. Quoting shale as higher % of current production. Decline curves 70% 1st year, 40% second year and 20% third year. Since XOM & CVX will be out latter this week maybe we can compare the lower for longer guys with CLB's call. There is no question in my mind that CLB has made many good calls. Calling for Russian production decline as well.
April 26th, 2015 at 4:28 pmre 1 – not beyond the basic numbers and what we had in the post last week, always a good listen, thanks, will get to the transcript soon. I don't put a lot of weight on the Major's calls on prices.
April 26th, 2015 at 6:07 pmRe 1 – Here's the link to Cramer's interview with Core Labs:
http://www.cnbc.com/id/102619411
April 26th, 2015 at 6:34 pmre 3 – thanks
The calendar for the week ahead is up, the calm before the storm:
http://zmansenergybrain.com/subscriber-data/calendar/
April 26th, 2015 at 9:08 pm