Thursday Night's Show Highlights:
Predicting oil's bottom and stabilization by the end of 2015? Consider Core Labs - CLB!
Thursday, January 29, 2015
Providing show recaps for Wednesday, Thurs., Friday, including verbatim Game Plans and Lightning Round stock picks...
Jim: You're going to love this interview. When we think about the oil patch, we know that many of these companies have been in a world of pain.
But one of the hardest hit, Core Labs, CLB, has been falling since before oil prices even started to collapse, with the stock dropping from $215 last April, to $89 as of today.
Now Core Labs is the scientist of the oil patch. They use their technology to analyze rock and fluids in oil reservoirs so that they're clients can increase production and know both where and how to drill.
This used to be one of the hottest stocks and the best stock in the group for a long time. But it's a difficult environment. Core is not shy about coming on the show, just because the stock got hammered, and they can tell us a lot about the state of oil.