May you all have a great 2017. This is the boom year
4 replies (most recent on top)
I believe oil will touch $70 by q1. Speculation drives this market. It might fluctuate but it will stay close to 55 all year.
People have their own reasons but market is volatile and it takes everyone by surprise like it did busting.
Say goodbye to old fashion boom. Welcome to 1 person doing 2 people jobs minimum. No mass hiring if people havent learned to s--- a d--k,better learn soon.
2017 will be exactly like 2016 ....everyone saying this is the bottom or the market mini price rises getting hope up and then a slight drop and another 10,000 let go on the quarterly call!
Guess what summer is over in the middle east and other large hot regions hence they consume a lot less oil and gas so to announce a reduction in production is just normal. Therefore the amount of spare oil and gas on the market is the exact same. Sorry to pee on your bbq....my opinion this is no longer a downturn this is the way the industry will be forever more open market on market share. And SLB the gap is closing in from all directions BHI HAL WFD GE and then all the small competitors with fish market pricing.
Will be booming for axe manufacturing plant...