50% of the Canadian Rig fleet active! January 2017 - Fuck Yeah

[SKR]

At least there's buyers. It would be much more worrisome if they had assets for sale and no one wanted to buy them.

Do you think Cenovus sent them an email asking them "what's your lowest price"?

[soloracer]

How long do you think the assets were on the market? They didn't just list them on Kijiji and have them snapped up overnight.

[SKR]

How should I know, I'm a retard. All I know is they got bought, which is better than not bought.

[ExtraSlow]

Originally posted by ExtraSlow
CAODC count this week is 148 this week. Guesses for breakup low?

Last week above ^^^^^^^^

This week, CAODC reports 129.

[ExtraSlow]

120 this week. What do you think of my prediction of 95 as the seasonal low?

[CompletelyNumb]

I call 80 as the basement.

[Gestalt]

In news this morning, Chevron looking to get out of our tar sands.

[ExtraSlow]

Originally posted by CompletelyNumb
I call 80 as the basement.

we shall see.

[dirtsniffer]

Originally posted by Gestalt
In news this morning, Chevron looking to get out of our tar sands.

Where did you go for a week?

Will you go back there?

[schurchill39]

Originally posted by dirtsniffer


Where did you go for a week?

Will you go back there?

[Gestalt]

Originally posted by dirtsniffer


Where did you go for a week?

Will you go back there?

I went somewhere?

[ExtraSlow]

CAODC count for April 17th was 101.

JWN count for April 20 was 108.

[ExtraSlow]

CAODC count for April 24 was 93.

[gkAeris]

thanks for the updates ExtraSlow =)

[ExtraSlow]

CAODC count for May 1 was 85. Lower than my guess, maybe CompletelyNumb has called it correctly?

[CompletelyNumb]

I never want to be right about low counts. But it's headed that way

[vengie]

We have quite a bit of optimism right now in the industry.

Our company managed to expand drastically this past winter with secured work in new regions.

Things should start moving again very quickly in Saskatchewan, the rigs are just waiting out the poor spring weather. We aren't out of the woods by any stretch, but things are looking up.

[ExtraSlow]

For sure, the quarterly reports are showing that trend pretty clearly. Some companies are already moving to higher activity, and others are more tentative.

I'm interested to see what the early July rig counts look like, as traditionally most areas are accessible by then, so companies who really want to be drilling can be, but if the plans are less firm, the start-up tends to be pushed back to august or September.

[vengie]

Originally posted by ExtraSlow
For sure, the quarterly reports are showing that trend pretty clearly. Some companies are already moving to higher activity, and others are more tentative.

I'm interested to see what the early July rig counts look like, as traditionally most areas are accessible by then, so companies who really want to be drilling can be, but if the plans are less firm, the start-up tends to be pushed back to august or September.

For sure.

All of our projections are showing Sask to be a hot market for the upcoming year. Montney and Duvernay work picked up quite a bit this past winter also, will be interesting to see if that continues at this pace, or if it will accelerate further.

[ExtraSlow]

Wish cardium was as hot play, I like that area.