In the following video, Motley Fool energy analysts Joel South and Taylor Muckerman discuss Core Laboratories' (CLB) excellent performance so far this year. The company's strong Q4 earnings led them to kick off Q1 this year with a powerful start, and Core Labs is also showing both record profits and record free cash flow at the moment. Joel tells us, however, why this isn't a value play at its current valuation and gives us the story behind Core Labs' recent success.