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SELL: Core Laboratories N.V. (CLB)

CLB was recommended by Cabot Global Energy Investor at $116.26 in Investment Digest issue 699, dated July 20, 2011.

Core Laboratories N.V. (CLB) fell below its stop limits on Friday, at $134.09, and should now be sold. Crude oil continues to falter, driven by a weakening euro, so we won’t fight the trend but look to...

CLB was recommended by Cabot Global Energy Investor at $116.26 in Investment Digest issue 699, dated July 20, 2011.

Core Laboratories N.V. (CLB) fell below its stop limits on Friday, at $134.09, and should now be sold. Crude oil continues to falter, driven by a weakening euro, so we won’t fight the trend but look to re-buy at a lower re-entry point. SELL.”

- Lou Gagliardi, Cabot Global Energy Investor, May 21, 2012