Saudi Arabia to sign contracts on 100 Canadian Rigs
So this is just a rumor I heard today. A geologist who works for shell who was watching BNN today told a directional driller who called another DD who told me because I'm usually watching BNN.... Strangely enough i was actually working today so I didn't have it on.
We are losing lots of rigs to the US and Russia right now. If Saudi signs a 100 rigs Canadas conventional oilfield activity might face an even bigger slow down. Its one thing to be at the mercy of market cycles, but another entirely to have no rigs to drill with.
Did anyone see or hear anything about this? I've tried google and BNN and cant find anything about it.
Thanks!
TRUTH: it's the new hate speech.
In a time of universal deceit - telling the truth is a revolutionary act. - Orwell