Oil shooting to $71. Get your boots ready, your HR Rep will call you back at 1/2 the salary you had but you'll be happy to get back to work. I'm pumped...
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That magical acumen of operations manager- past or current
Well.... three times zero IS zero. OP may be right. (Lmfao).
Agree. Lets start by removing team leads and operations managers and pseudo managers in the districs. Let skeleton teams be managed by VPs.
With the supply/demand, its going to take 4-5 years for things to see some light at the end of the tunnel here in NAM. I suspect as the Q2 numbers materialize, there will be more rounds of layoffs and a quite more serious approach of total restricting taking place the layers. We have only seen the beginning of this.
Ever heard of currently relevant, supply and demand driving price down?? Not to mention, a complete overabundance in supply? It's happening right now....just a hint.
Ever heard of aramco ipo and them then driving oil up..just a hint
Haha the guesses don't stop do they? No, quite the contrary actually. It's in part because of my wisdom, both conventional and progressive, that I'm still here with you. This is assuming you are still here. Not that you need much wisdom or "journalist pieces" to understand current events. But if you need some concrete material, use one of those historical comparison charts you learned in your econ college course last year (if I may add to the guesses on this site) and compare every downturn in the past. Show me the one that shows everything "A-OK" to the capacity listed here immediately after a downturn. This isn't even considering the size of our current downturn as well as what Iran is continuing to contribute, again current event non-wisdom material. I've said it before, I really hope all these severely optimistic outcomes materialize in the upcoming months. Really, I do. I hate being in such unsettling times. However, I try to be the voice of reason on here and say hope for the best but don't be unprepared. I suppose I could just tell everyone on here to not to worry and think happy thoughts like you're doing and so many others. However, that just wouldn't sit well with my "conventional wisdom."
All your expert analysis predicted 5 year upturn in Aug 2014. Go ahead and rely on journalist pieces. Probably your conventional wisdom let you go.
Paal's next line of Mkt approach is to continue to lay off people so to buy more companies. His goal is to buy up everything so BHI and HAL can never be as big as him/SLB. The biggest buy will be GE. If SLB can get GE bought it will be the knife in the back for competitors. There will be no one or nothing else for them to buy. Wow, by next oil boom SLB will own everything.
Yep, you guys are too negative. Why SLB bought Xtreme Drlg. SLB is going to put all those Rigs up and start drilling so they can put their 800 Special Manager group people back to work. Their safe, but they don't have anything to do. This is Paal's last line of hope to keep SLB's vision on the correct path for these groups. I hope it works, maybe they'll hire us all back.
Idiots.
All I can say is wow. I wish you were right, I really do. Unfortunately, previous historical trends, current market, supply vs. demand, numerous estimate reports and common sense will dispute your words. $55 by May 2017, likely......$90 by the same time, lol no.
Believe what you may good times are back. Oil will reach 90 bucks by this time next year. Make sure you read these words and remember them.
S[orry]
L[ying]
B[astards]
Iran and Saudi Arabia alone produced over 20 million barrels of oil per day between the two of them in the previous months, further saturating a already saturated market. This output is said to increase in the countries in the upcoming months. True, there won't be an overabundance of oil forever. However, since we already have more oil than we can currently store and are going to be encountering the intentional influx of the middle east in the near future, there's not going to be a need to rapidly increase our rig count anytime soon.....let alone triple it.
Boom is surely approaching. Too much oil is true but it's not going to be the case forever.
Get ready and prime up your roughneck skills cowboys
Triple?? Why not quadruple?!? I mean, we have too much oil as it is, why not just say eff it and really start getting those rigs going?!? Congratulations, you just broke the internet with your stupidity.
In AK, BP has halted sending a rig back to Texas. Could be truth somewhere in OP's message.
Complete dic---ad...there is too much oil..understand this you Schlumbertron cheerleader. This is why Schlumberger is totally disconnected from reality.
So let me see if I understand this correctly. You're claiming that in a completely flooded oil market, oil rig count is going to triple after July and amidst massive continuing layoffs, some of which experienced within a week ago, that extensive rehiring is about to develop? Something doesn't sound right to me here. Then again, this was "confirmed 100%" by one poster so it must be true. SLB, please up your drug screening policy.
Wth are you smoking?
Yes word is 16 k onboard by q4
You on drugs?
Confirmed 100%. Massive hiring blueprint is being made for upcoming boom.