re: Oil back below $40

Regardless of what you do, if you have done it for 10 years and bring so little to the table that a recent grad can replace you then you deserve to be fired.

10+ year veterans should have skills and knowledge that they bring to the table that a recent grad doesn't. If your brother spent 10 years floating at his job not learning anything (while getting raises) then this is the natural result.

That isn't to say that sometimes layoffs won't happen to good people, but those good people can either find new work or wait out the downturn. Trying to save a company isn't corporate greed.

Also bitching about whether hair tests are random is ridiculous. Every one who works for these companies is told the rules around drugs when they join. You should prepare as if they are gonna shave your fricking head for samples every day. Especially in a downturn when they are looking to reduce staff.

To be honest most of the word I hear is that the U.S is still the place to invest in O&G given the various non-technical risks around the world.

These threads always amaze me with the lack of understanding of business and economics.

Turns out armed militants are bad for business. Who knew? Plus prices are shite everywhere at least the U.S. Currency isn't dependent on unprecedented political negotiations.

HBHC doesn't have a lot of option liquidity. I made a play on HBHC out to November 16 and Feb 17. MSL doesn't have options, and I'm not going to take the time to short it.