- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Shell Prepares for 'Prolonged Downturn' In Oil Prices
Posted on 7/30/15 at 7:45 am
Posted on 7/30/15 at 7:45 am
3
Posted on 7/30/15 at 8:20 am to Delacroix
In other news, stock prices of TruckNuts Inc plummet.
Posted on 7/30/15 at 11:16 am to Delacroix
This second drop has put blood in the streets. Houston is getting hit hard. I think more layoffs, mergers and bankruptcies are on the way...the big gas producers like SWN, SM, Range will have some tough days ahead.
Posted on 7/30/15 at 11:22 am to Delacroix
So earnings are only 3.4 BILLION for the QUARTER, and there is blood in the streets.
This should serve as an important lesson to all the liberals out there who want to raise minimum wage. When net income goes down, for whatever reason, people lose their jobs. Corporation are not going to settle for making less net earnings.
This should serve as an important lesson to all the liberals out there who want to raise minimum wage. When net income goes down, for whatever reason, people lose their jobs. Corporation are not going to settle for making less net earnings.
Posted on 7/30/15 at 11:27 am to cwill
Probably a lot of merger and acquisition coming. Similar to the bank crisis a few years ago. The real companies who hedged pick up the pieces of the busted ones. Small cap oil looking nice today.
Posted on 7/30/15 at 8:34 pm to LSUFanHouston
quote:
Corporation are not going to settle for making less net earnings.
It's future earnings they're worried about. Most layoffs are from upstream operations. If it costs $60 to produce a barrel of oil that project isn't going forward.
Oil sector is familiar with boom and bust cycles. Give it 10 years.
Posted on 7/30/15 at 10:14 pm to Rhino5
quote:
Small cap oil looking nice today.
If they can survive. Some won't.
Posted on 7/30/15 at 10:37 pm to cwill
quote:
the big gas producers like SWN, SM, Range will have some tough days ahead
I don't disagree, but why do you say that in light of the OP?
Posted on 7/31/15 at 12:22 pm to LSUFanHouston
quote:
So earnings are only 3.4 BILLION for the QUARTER, and there is blood in the streets.
This should serve as an important lesson to all the liberals out there who want to raise minimum wage. When net income goes down, for whatever reason, people lose their jobs. Corporation are not going to settle for making less net earnings.
I think it's an even more important lesson for conservatives -- the CEO doesn't give a sh*t about you, and never will, and will take any opportunity to f*ck you over, and use anything for an excuse.
Posted on 7/31/15 at 2:04 pm to Lou Pai
quote:
I don't disagree, but why do you say that in light of the OP?
Just noting it also...I can't believe exporting a little light sweet crude didn't get things turned around.
Posted on 7/31/15 at 2:21 pm to tokenBoiler
quote:The CEO answers to the business's lenders and owners (aka shareholders). Lenders can declare the business to be in default if it doesn't maintain certain laid-out financial conditions (ratios for example), and that hurts much more than letting some people go. And if the CEO, who works for the shareholders, refuses to make the necessary cuts, he'll be booted and replaced by someone who is willing to do what's necessary. Better to cut off the limb trapped under the boulder so the rest of the body can live.
I think it's an even more important lesson for conservatives -- the CEO doesn't give a sh*t about you, and never will, and will take any opportunity to f*ck you over, and use anything for an excuse.
Now take the damn politics to the Poli Board, geez.
Posted on 7/31/15 at 2:30 pm to tokenBoiler
Someone doesn't understand how this kind of stuff works. 
Posted on 7/31/15 at 3:19 pm to cwill
Just seemed weird to bring up in a thread on oil.
Did you see that EQT well a couple weeks ago?
Did you see that EQT well a couple weeks ago?
Posted on 7/31/15 at 4:45 pm to notiger1997
I haven't followed Range, but SM is in a decent position. They are light in debt and are still drilling reasonably economic wells. I look for them to be a company that starts to pick up distressed assets in their core areas. They are a few other companies their size that are in similar positions.
Posted on 7/31/15 at 5:54 pm to Lou Pai
EQT?
Posted on 7/31/15 at 6:24 pm to GREENHEAD22
Yeah they set a record for the Utica basin recently. 72.9 mmcfpd IP. Cwill's digression about gas focused operators reminded me of that.
Posted on 8/1/15 at 4:33 am to Lou Pai
So no more oil field trash making oil field cash stickers?
Posted on 8/1/15 at 8:45 am to Weaver
Yeah... Oil field trash making ordinary cash just doesn't have the same ring to it.
Posted on 8/2/15 at 7:38 am to Lou Pai
quote:
Did you see that EQT well a couple weeks ago?
Yes, I think gas is going to be in the $2.5-3 range for a long time.
Posted on 8/2/15 at 9:07 am to cwill
Not sure on gas prices. The oil price crunch will cause a lot of the banks to redetermine their loans and will put in jeopardy a lot of this growth at any cost. Gas production numbers appear to be flat month over month for the last two months of data although this is surely because of the low prices in the marcellus. I've heard the Utica has extremely steep declines and I don't trust some of these ips - the rice well with the 45 mmcfgd ip only averaged 14 mmcfgd it's first 30 days for example. The next 6-12 months include a lot of pain for the leveraged debt drillers and it will be interesting to see how this changes prices.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News