With fracking margins tightening over the past few years, oil services companies are having to evolve. Businesses such as Core Laboratories (NYSE: CLB ) are taking a chance on long-term success through diversification -- including testing and reservoir analysis -- while risking a short-term hit by turning away from their traditional offerings.
In this "Digging for Value" video, Fool energy and materials analysts Joel South and Taylor Muckerman talk about the shift oil services companies have made in the past few years.
3 stock picks to ride America's energy bonanza
Record oil and natural gas production is revolutionizing the United States' energy position. Finding the right plays while historic amounts of capital expenditures are flooding the industry will pad your investment nest egg. For this reason, the Motley Fool is offering a look at three energy companies using a small IRS "loophole" to help line investor pockets. Learn this strategy, and the energy companies taking advantage, in our special report "The IRS Is Daring You To Make This Energy Investment." Don't miss out on this timely opportunity; click here to access your report -- it's absolutely free.