Additionally, following Russia’s invasion of Ukraine, shares of premiere oil services company Core Laboratories NV (CLB, Financial) accelerated alongside most energy names. The ongoing war has disrupted traditional oil and gas supply chains, as well as changed global logistical patterns. CLB’s stock was bid up in anticipation of the industry re-aligning global supply to meet strong demand for oil and natural gas despite the conflict.
From John Rogers (Trades, Portfolio)' Ariel Fund first-quarter 2022 commentary.
