Why Core Laboratories Shares Plunged 11.9% Today
You can blame oil for most of the drop.
The Company provides proprietary and patented reservoir description, production enhancement and reservoir management services to the oil and gas industry.
You can blame oil for most of the drop.
CLB earnings call for the period ending December 31, 2020.
Shares took a roller coaster ride today, as the big news was earnings.
The oil and gas services provider is conducting an at-the-market offering to raise capital.
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Energy services provider Core Labs got a boost from rising oil prices, but it's a tap-on effect from a bigger story unfolding in the news.
CLB earnings call for the period ending September 30, 2020.
The company continues to generate free cash flow even as the oil industry remains depressed.