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re: What’s bad about the price of oil dropping?
Posted on 3/9/20 at 7:53 pm to 0
Posted on 3/9/20 at 7:53 pm to 0
Many oilfield service companies here along the gulf coast have been barely hanging on for the last 4 years or so,the news of $40 dollar or $30 dollar oil will shut some of us down,layoffs already happened last week.
Posted on 3/9/20 at 9:09 pm to Bayoutigre
Apache and Oxy recently had layoffs... I’m sure Oxy is really happy they overpaid for Anadarko to get into the unconventionals...CVX just took a 6b write down due to their unconventionals after not buying Anadarko...
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