Hey Oilfield Guys!!

[JMalin]

http://www.cnbc.com/id/102479671

Retail investors are about to get taken to the woodshed.

[81 mike mike]

Great advice for everyone, not just oilfield.

[hgiles]

Fixed that one... just added him to my ignore list

[txjustin]

http://www.cnbc.com/id/102479671

Retail investors are about to get taken to the woodshed.

Short term maybe, but not long term. Now is a GREAT time to make some quality O&G investments.

[fishycatfish]

I work for Nabors driving a vac and transport truck in Big lake. We got our hours cut a few weeks ago, no big deal. Got word today our pay is being cut though, just don't know how much yet.

[txjustin]

I work for Nabors driving a vac and transport truck in Big lake. We got our hours cut a few weeks ago, no big deal. Got word today our pay is being cut though, just don't know how much yet.

Nabors just laid off 13% of their workforce.

[fishycatfish]

Nabors just laid off 13% of their workforce.

I know some yards laid people off, we haven't had any yet though. Not to say it isn't coming.

[bphillips]

Short term maybe, but not long term. Now is a GREAT time to make some quality O&G investments.

Yep.. I may not make my money off of it next year but when it comes back strong (and it will) I will be happy with my investments.

[txjustin]

Good read:

http://www.businessinsider.com/global-crude-oil-production-growth-is-grinding-to-a-halt-2015-3

[Artos]

The Co I work for that supports the NG side hired a mechanic laid off from Baker hughes today...sorta felt like a little win after the recent hits on this thread.

Hang tough fellas...

[txwhitetail]

I work for Nabors driving a vac and transport truck in Big lake. We got our hours cut a few weeks ago, no big deal. Got word today our pay is being cut though, just don't know how much yet.

Double whammy

[ladrones]

The Co I work for that supports the NG side hired a mechanic laid off from Baker hughes today...sorta felt like a little win after the recent hits on this thread.

Hang tough fellas...

They keep us updated on the snap-on and matco trucks about companies getting rid of mechanics. Baker has laid off a bunch of mechanics.

[Boomerang]

I ran across this job opportunity:
CONSTRUCTION ESTIMATOR for an Oklahoma City General Contractor needed.
Salary $110k, Bonuses, Profit Sharing, Car allowance, Health Insurance, 7 years of commercial construction estimating required.
Send résumé to: tcollins@forcepersonnelok.com

Maybe this could help some without a job now?

[bphillips]

Yet another cut for us but this time benefits.. No more 401k matching. That makes it sound like theyre expecting a long while before it gets good again.

[ANSCAG]

Wow that's big. Sorry to hear that bphillips. Monday is D-Day for us, we have a big meeting schedule, with big wigs flying in from all over. Interested to see what it's all about, and what actions will be taken.