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re: Oil bottom
Posted on 10/1/15 at 7:15 am to Spec1
Posted on 10/1/15 at 7:15 am to Spec1
Oh, I'm hoping this is pretty much the bottom. I think the outlook now is how long do we stay in this bottom. By the end of Q4, I think most companies will have their workforce reductions in place to get through 2016 if oil stays at this current price. But if it goes lower, it's going to be a ghost town in O&G offices by mid 2016. I've not been worried, but it's to the point that there are no more low hanging fruit. Valuable people are now on the chopping block. I've already seen a few go.
1
Posted on 10/1/15 at 7:52 am to KG6
I'm with you KG.. All the low hanging fruit has been trimmed and I think I'm just a branch or two up.. Not liking it. May I ask, how old are you? With only being 28 myself, if I can make it through this downturn I feel like I can anywhere with proving that I am valuable with not being laid off. Thoughts??
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