i hate it that alot of guys have lost their jobs but isnt that always a possiblity in the oil field?
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Originally posted by DFWfirefighter View Posti hate it that alot of guys have lost their jobs but isnt that always a possiblity in the oil field?
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Originally posted by bphillips View PostYou don't realize that some guys who's rigs get stacked have been making over $1500 per day for the last several years.. I know many with 200-300k just sitting in bank accounts. Then it's smart for him to finance to minimize what he pays out of that before his job comes back. Not everyone out there makes $20/hr.
I didn't start this thread to warn all guys just most. I could lose my job tomorrow and not worry about buying a new house but I know many who can lose theirs and be worried about food next week so every situation is different.
Very true and that very well could be the case.
However it seems unlikely to me that someone that makes $1500/day would save up $200k, then wait until he was laid off to purchase a new $15k ranger.
Either way, I didn't intend to start an argument.
I just thought this was an example of the stereotype that some oilfield workers fall into.
But you're right, none of us know the guys situation, so we'll never know why he waited until after he was laid off to purchase a big toy.
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Originally posted by denowt View PostVery true and that very well could be the case.
However it seems unlikely to me that someone that makes $1500/day would save up $200k, then wait until he was laid off to purchase a new $15k ranger.
Either way, I didn't intend to start an argument.
I just thought this was an example of the stereotype that some oilfield workers fall into.
But you're right, none of us know the guys situation, so we'll never know why he waited until after he was laid off to purchase a big toy.
And you're right about him probably fitting that stereotype like many others I have seen trying to get out from under new trucks
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No dog in the fight but I sure wish that oil could find a happy medium. Not that I have extra money or drive a lot but paying a little more for fuel to help brothers all around would be ok with me. As Forset Gump said, "I'm not a smart man" but the oil business shutting downs not good for anybody!! It will bite us all on the rear sooner or later I'm afraid.
Side note, IMO the guy buying the new trucks, cars and Polaris might no be looking to far ahead or saved his money wisely and is going to enjoy his down time but it's helping keep the ball of commerce rolling and somebody might get a great deal one day soon on them, never know.. Don't judge a book by it's cover, read it first..
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Originally posted by Neck View PostHercules Offshore is laying off 30% or roughly 670.
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Was just told today that we laid off all of our hourly employees. Our field salary guys will now be field hands when we get work. Our company can sustain up to two years with where we are staff wise right now without much work.
I feel bad for the salary guys but I am glad I still have a job. My boss assured me today that I am not going anywhere unless you they force deep cuts. Good thing is our board of trustees and upper management want to keep the management team intact as long as they can so when it pucks back up they are not going to have to rebuild from the too down. Still worried but feel better about my job for now.
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Originally posted by bowhuntertex View PostWas just told today that we laid off all of our hourly employees. Our field salary guys will now be field hands when we get work. Our company can sustain up to two years with where we are staff wise right now without much work.
I feel bad for the salary guys but I am glad I still have a job. My boss assured me today that I am not going anywhere unless you they force deep cuts. Good thing is our board of trustees and upper management want to keep the management team intact as long as they can so when it pucks back up they are not going to have to rebuild from the too down. Still worried but feel better about my job for now.
Thats some good news!
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Originally posted by haas0311 View PostI went to NAPE yesterday and handed out about 6-7 resumes and then emailed an additional 29 resumes between last night and today. I already have my first rejection... It is quite possibly a record of 12 hours from the time I sent my resume to the time I was declined..
HR is generally useless.
Find the hiring manager and talk to him or her.
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Originally posted by Ol Thumper View PostNo dog in the fight but I sure wish that oil could find a happy medium. Not that I have extra money or drive a lot but paying a little more for fuel to help brothers all around would be ok with me. As Forset Gump said, "I'm not a smart man" but the oil business shutting downs not good for anybody!! It will bite us all on the rear sooner or later I'm afraid.
Side note, IMO the guy buying the new trucks, cars and Polaris might no be looking to far ahead or saved his money wisely and is going to enjoy his down time but it's helping keep the ball of commerce rolling and somebody might get a great deal one day soon on them, never know.. Don't judge a book by it's cover, read it first..
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I would put some, or most, of that money into a CD, then turn around and take a loan out using the CD as collateral.
Your money still stays in your account and you get a lower interest rate because it's much easier for the bank to repo your CD vs repo'ing your big toy.
I still don't understand making a big non-essential purchase right after losing your job, but I guess it's just an oilfield thing and I'll leave it at that.
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