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Started By
Message
re: Oil price has crashed
Posted on 3/8/20 at 5:40 pm to Samso
Posted on 3/8/20 at 5:40 pm to Samso
From the comments
quote:
In 2016, it was also about driving Russia and rest of OPEC to the table also. They all said SA should cut, but wouldn't make their own commitments. Saudis said fine and crashed the market until the other cartel members changed their tune. Sounds like Russia needs another taste of the whip.
1
Posted on 3/8/20 at 5:40 pm to Samso
Dow futures down 900 in sympathy.
Posted on 3/8/20 at 5:41 pm to fightin tigers
quote:
Usually is. Better margins.
CapEx budgets are gonna be lit.
Posted on 3/8/20 at 5:41 pm to Samso
NB4 all the baws start crying about how everyone should feel bad for them although they have extremely minimal skills, buy 70k trucks, save zero money, and didn’t bother getting an education beyond GED.
Posted on 3/8/20 at 5:41 pm to Samso
Lets' hope you O&G baws saved some of that cash from all the flush years, and didn't spend it all on tricked out F250's and Amazon toilet paper.
Posted on 3/8/20 at 5:42 pm to Samso
definitely made the right move not pursuing position with ExxonMobil
Posted on 3/8/20 at 5:45 pm to Samso
Should save me about $3.50 this week.
Posted on 3/8/20 at 5:46 pm to OweO
quote:
OweO
Are you under some requirement to post useless shite in EVERY thread, or do you just have no life?
frick
Posted on 3/8/20 at 5:47 pm to TDcline
quote:
NB4 all the baws start crying about how everyone should feel bad for them although they have extremely minimal skills, buy 70k trucks, save zero money, and didn’t bother getting an education beyond GED.
You realize oil companies + oil service companies employ more than just roughnecks right?
You've got plenty of well educated accountants, geologists, attorneys etc. who are employed by or provide services to American E&P companies. Many of them are financially responsible people trying to provide for their families and this has a deep negative effect on them, as well.
But by all means, keep cheering on your fellow Americans being unemployed.
This post was edited on 3/8/20 at 5:49 pm
Posted on 3/8/20 at 5:48 pm to OweO
I got 89 cents worth in pennies one time
Posted on 3/8/20 at 5:49 pm to kywildcatfanone
Let’s hope all the IT guys start getting laid off too
Posted on 3/8/20 at 5:49 pm to Boring
quote:
But by all means, keep cheering on your fellow Americans being unemployed.
And there it is...
Posted on 3/8/20 at 5:50 pm to Samso
Explain this to me like I am 5. Is this good or bad?
Posted on 3/8/20 at 5:51 pm to windshieldman
quote:
I’ll buy BP stock all the way down to a penny
BP pays a 10% divided at $20, at least they did in 09. That's when I covered.
Posted on 3/8/20 at 5:52 pm to Samso
So, this coupled with the virus should yield some dirt cheap flight prices right?
Posted on 3/8/20 at 5:53 pm to kywildcatfanone
Obviously you don’t know about the industry, it hasn’t been “flush” since 2014. Not everyone in the industry has truck nuts. There are plenty of engineers and normal people. Enjoy saving your 3 dollars a week while 1000’s of people will now have to worry about being laid off.
Posted on 3/8/20 at 5:53 pm to J Murdah
quote:
Explain this to me like I am 5. Is this good or bad?
Yep.
Posted on 3/8/20 at 5:53 pm to Samso
Thanks trump
Posted on 3/8/20 at 5:55 pm to Directional Tiger
I'm kinda looking forward to being laid off.
Think I'm having a midlife crisis.
Maybe I'll become a fireman.
Think I'm having a midlife crisis.
Maybe I'll become a fireman.
Posted on 3/8/20 at 5:55 pm to Directional Tiger
quote:
Obviously you don’t know about the industry, it hasn’t been “flush” since 2014.
Thanks Obama
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