Quote:
Originally Posted by flameswin
He means that Regehr will likely be living off his savings because any Oilfield service company is going to be in a world of hurt, let alone a small start up company with a friend.
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Got it. Some would say that with all the money that has left the industry, we are close to being at a good time to get in. No idea what the deal is with his company but there are some bargains out there. Although I understand valuations still reflect about $70 crude and that is by no means a certainty.