In Jim Cramer's vast career on Wall Street, he knows that when a CEO of a company with a great, long-term track record says his stock is misjudged by the market—it is time to listen.
Core Laboratories is a provider of reservoir production enhancement and management services to the oil and gas industry. It uses technology to analyze rock and fluids in the oil reservoirs to allow clients to improve production efficiency and figure out where to drill.
About three months ago Core Labs reported what was regarded as a disappointing quarter and the stock was slammed, plummeting 10.7 percent in a single session.
Since that time, the stock has pulled off a major turnaround, up 40 percent in less than three months. Then it was fueled even higher when it reported a spectacular quarter on Thursday, going up another 10 percent.
Could the return of Core Labs indicate higher prices for the oil patch? To find out more, Cramer spoke with Core Laboratories CEO David Demshur.