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Yes, people have already been laid off but there will not likely be anymore
Yes, people have already been laid off and there will likely be more.
No, no one has been laid off yet but there will likely be layoffs during the coming months
No, no one has been laid off and there likely won't be any layoffs in the coming months
I WAS laid off but have since found other employment
I WAS laid off and am still looking for other employment
My company went under / other (explain in comments)
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Last edited by Sugarphreak; 08-15-2019 at 05:09 PM.
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^^ Damn man. Hope things work out for you.
Stuff is happening at my wife's work.
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Geez maybe you should wait longer than a week before you make these proclamations.Originally posted by Sugarphreak
I was fairly hopeful going into this spring, there were a lot of bids and ongoing planning activity. However things are just not materializing.
Now there is a huge void in work looming at one of the places I work and I kind of expect that about 100 people are going to be given notice at the end of this month
Things are going to start get better fairly soon IMO. There is a number of brand new large projects that are on the verge of getting started For Instance: http://www.calgarysun.com/2016/04/1...ant-for-alberta
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Wait till Q1
More layoffs will be happening, unfortunately.
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Last edited by Sugarphreak; 08-15-2019 at 05:09 PM.
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I'm with ya, things will look better by the end of the year in the sense of forward strip prices and investor confidence. I'm not 100% sure that will translate into renewed investment in the megaprojects that have fueled our economy for the last decade.
I predict W5 and W6 drilling will start to look better, but I suspect Heavy Oil projects will take an additional 12 months to get ramped up.
Originally Posted by killramos
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I'm surprised that crude is doing okay, and gaining what it lost and more, after the news from Doha
Round 3/4 layoffs at my company and likely more I'm thinking, although not announced, if things don't improve
GO FLAMES GO!
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Agreed. Everything I've been reading is looking promising for 2017. Oil predictions as of this week are still $50 summer and $60 Q4. I'll take it.
"The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents... some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new Dark Age."
-H.P. Lovecraft
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Current spike is due to Kuwait strike though no? Fundamentals are still the same.
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Exactly...Originally posted by JohnnyHockey
Current spike is due to Kuwait strike though no? Fundamentals are still the same.
Sig was pwned by Moderator!
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Well of you mean supply is greater than demand, yes you're right. However everything I've read lately (grain of salt I know) claim the supply and demand curves are coming together, in fact our global demand should be 98mmbbl/d by Q4 2016, which is greater than supply pre Kuwait.Originally posted by JohnnyHockey
Current spike is due to Kuwait strike though no? Fundamentals are still the same.
Signs of China's economy steadying, and India gaining momentum (they're supposed to use 300,000 more by year end) it appears as though a major under supply could take part as soon as 2018.
$150 to break the record and then re-break it at $200/bbl? Let's find out.
"The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents... some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new Dark Age."
-H.P. Lovecraft
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The supply curve has flattened, and will be going downwards soon. There's nothing Iran or anyone else can do about that in the short term.
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Doubt it. If short-term news was driving prices, we would've seen a big drop on Monday due to the deal falling apart. I think the market's beginning to recognize a longer term trend change.Originally posted by JohnnyHockey
Current spike is due to Kuwait strike though no?
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Those Kuwaiti oil workers should be getting ready to go back to work just about now -
http://www.cnbc.com/2016/04/19/oil-p...n-back-up.html
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I disagree. Did you (or anyone) actually think they would reach a deal on Sunday? I sure didn't. And I'm betting peoples lack of faith in them actually reaching an agreement was already mostly built into the price on Friday, which is why we didn't see a big drop.Originally posted by Feruk
Doubt it. If short-term news was driving prices, we would've seen a big drop on Monday due to the deal falling apart. I think the market's beginning to recognize a longer term trend change.
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Wife got an update today. No layoffs right now. Maybe later if work doesn't pick up, however it's gotten a lot busier the last few weeks.
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Still disagree? Kuwaiti strike over, oil goes up another $1.55/bbl.Originally posted by cjblair
I disagree. Did you (or anyone) actually think they would reach a deal on Sunday? I sure didn't. And I'm betting peoples lack of faith in them actually reaching an agreement was already mostly built into the price on Friday, which is why we didn't see a big drop.Crazy times.
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No comment.Originally posted by Feruk
Still disagree? Kuwaiti strike over, oil goes up another $1.55/bbl.
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weakening of US dollar will drive the price up. If the US dollar gains in value the price of oil will decline.Originally posted by Feruk
Still disagree? Kuwaiti strike over, oil goes up another $1.55/bbl.
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Buddy didn't make the cut at Shell, now has to go through the strange job retention process.
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