Quote:
Originally Posted by Schraderbrau
Often times when these things take place the closer you are to the wellhead the safer you are.
|
That's probably true, but you still better be prepared to jump to another ship. There are still x number of rigs/wells to be serviced in a given market. It's just that the mix of service providers that are doing the work might change.
In the Canadian pumping services market, Halliburton is a relatively small player compared to the other markets they operate in. But Baker just finished buying up BJ which is the legacy of Nowsco and Fracmaster, which still have a lot of loyal followers, inexplicably. Halliburton is probably more concerned with the US market than Canada, but this automatically makes them a much bigger player in Canada. I think they likely let Canada run as it has for the most part, with some redundant management positions being cut.
The bigger changes will be in the US and overseas. With my position in Abu Dhabi, my head is kind of spinning trying to figure out what this will mean (I don't work for either company). BJ is only beginning to stabilize after being bought by Baker. Now they're being swallowed by a direct competitor. Interesting times.