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re: Just got hit with a 2nd round of company wide layoffs
Posted on 11/12/15 at 12:35 pm to Mr.Perfect
Posted on 11/12/15 at 12:35 pm to Mr.Perfect
Everybody thought that this October would be a bloodbath with public E & P's getting redetermined but the banks kicked the can down the road. If these price levels hold April could be when we start seeing major asset sales and the bleeding starts to be much more noticeable. While the operators have seen a fair amount of layoffs the service companies have been gutted.
2
Posted on 11/12/15 at 1:22 pm to TigerDog83
quote:
If these price levels hold April could be when we start seeing major asset sales
well this might actually help me
every time someone sells or buys assets, they hire environmental guys (me) to assess the properties
This post was edited on 11/12/15 at 1:24 pm
Posted on 11/12/15 at 1:48 pm to TigerDog83
May not be as big a bloodbath, but there will still be a bloodletting. The only redeterminations that you've heard about were from the companies that weren't in a terrible situation. The banks are still negotiating with the companies that have their backs against the wall.
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