Sinking fast. What's the outlook going into 2025 for us all ?
7 replies (most recent on top)
Why all the downvotes, this is absolute truth. Oilfield companies in the US are just too expensive for the return they give. Also, the rest of the world caught up, or really we gave it all away. China is already making inroads, only a matter of time before they arrive here.
It's over.
All oilfield service company stocks are poor investments. These companies are essentially "dead men walking"...total capital destruction over the past 25 years.
5 years ago HAL was 24.97. Today it is 25.97. If you invest in this instead of almost anything else you need your head examined.
They'll have to. They're forcing the keyboard warriors to go back to the office, and putting cameras in all of their trucks. Anyone with options will be going somewhere else. All the sheep will keep buying into "things are picking up because it's a new year BS." Meanwhile Jeff Miller is on the quarterly calls with Wall Street talking about how the industry is in a downturn. The 8 calls before we were in a multi-year up cycle, lol. Your MAGA president isn't going to save you, but keep dreaming.
They're ramping up in February.. hiring alot of people beginning start of new year
Trump says Drill baby drill. We going to make oil and gas great again.
Buy Buy BYE