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Old 11-29-2018, 08:19 AM   #871
Lubicon
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Join Date: Jun 2015
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Quote:
Originally Posted by CaptainCrunch View Post
Sounds like an announcement is coming soon from Notley on cutting production


https://www.ctvnews.ca/politics/albe...tley-1.4196127


Hold on to your butts if you work in Oil and Gas.
The service industry in Alberta is barely hanging on right now, this might push a lot of companies over the edge. But I'm also not sure what else can be done at this point. Activity is way down either way.

Frankly I'm more nervous now than I was a few years ago. My employer has cut about as much as can be cut. Any more and we may as well close the doors. The double whammy (for us) is that our U.S. operations have saved our bacon the past few years but with the tail off in oil prices any drop i activity down there will magnify the situation for us. And I would think the same for any other Canadian company that has looked south for salvation recently.
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