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re: Oil bottom

Posted on 10/2/15 at 4:20 pm to
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 10/2/15 at 4:20 pm to
There will be blood in the streets over the next few months....lots of E&P job cuts looming.
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 10/2/15 at 4:30 pm to
quote:

but the wife doesn't want to go to OK..


In this cyclical industry, you should aim to be in Houston because when the down cycle hits you don't want to be in an outbound location like OKC. OKC is going to be devastated.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12632 posts
Posted on 10/2/15 at 5:26 pm to
I'm in Lafayette right now.
Posted by GREENHEAD22
Member since Nov 2009
19814 posts
Posted on 10/2/15 at 6:44 pm to
90 is a soon to be ghost town.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12632 posts
Posted on 10/2/15 at 9:41 pm to
That has me very scared.. looks like I'll be dumping my Le triomphe Country Club membership soon
Posted by cave canem
pullarius dominus
Member since Oct 2012
12186 posts
Posted on 10/2/15 at 11:09 pm to
quote:

Do you think we have found the bottom?

Just curious because my company keeps cutting and sooner or later my number will get called if this continues.

What does everyone think?



You are asking the wrong question IMHO, if prices linger in the 40's for an extended period of time the effect is just the same as no bottom.

The layoffs are just getting started in the US and any other place with high E&P cost. The NOC's are going to rule the market for the next few years due to a lower cost basis.

Posted by castorinho
13623 posts
Member since Nov 2010
82787 posts
Posted on 10/9/15 at 11:40 pm to
quote:

That's pretty spot on. I made the move to Continental almost 2 years ago from CHK and I couldn't be happier. Seems to be a company that is run a lot better.


I am looking at applying for a position with continental. Happy where I am but it looks appealing to me, got a few questions if you don't mind.
castorinho@yahoo.com
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