Recession just around the corner?

[steveo10]

Unfortunately many folks gave up on the patch and took a more steady trade. Less pay but home in their bed everynight. When the patch gets busy we are gonna be scrambling to find guys worst than ever.

Looks like most most of our work is gonna be on the sask side again this year.

 

[Caper11]

Unfortunately many folks gave up on the patch and took a more steady trade. Less pay but home in their bed everynight. When the patch gets busy we are gonna be scrambling to find guys worst than ever.

Looks like most most of our work is gonna be on the sask side again this year.

I don't think so, once guys see a increase in the stability of the patch again(and it is stabilizing IMO) they will flock back to it.



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[j335]

I don't think so, once guys see a increase in the stability of the patch again(and it is stabilizing IMO) they will flock back to it.



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Big wages will make their decisions easier $$$

 

[DaveB]

I don't think so, once guys see a increase in the stability of the patch again(and it is stabilizing IMO) they will flock back to it.

I gotta agree with Steveo....I have several buds who got canned, were off for a while and now have taken non-patch jobs and they are not going back. I know if I get canned I'd be gone from the patch for good...

 

[pfi572]

I don't think so, once guys see a increase in the stability of the patch again(and it is stabilizing IMO) they will flock back to it.



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I don't disagree with you much but I think oilfield peeps will look for other means if they look at tax base ?
It's just screwed to work oil patch hrs and get nothing for it as the way the NDP and Liberals have it set up?
Pay for everyone else and work harder .
I know I will be looking for other options.

 

[DRD]

I don't disagree with you much but I think oilfield peeps will look for other means if they look at tax base ?
It's just screwed to work oil patch hrs and get nothing for it as the way the NDP and Liberals have it set up?
Pay for everyone else and work harder .
I know I will be looking for other opinions ?

Pretty much, taxes are getting out of hand. I've got 2 months of time booked that I think I'm going to try and take as time off instead of $$$. Spend 200 days a year in hotels and then have the guberment steal half, getting sick of it.

 

[CUSO]

I blame the recession on Neilsledder...

Ever since he started this thread, the economy just tanked...

 

[Lem Lamb]

Western Canada rig count the other day was 40 rigs working out of 634 !

One only needs to drive Ghost hwy from Edmonton to Fort Saint John BC to see many shops closed, hotels that were under constrution gated off, Alberta Tresurey Branch is letting folks stay in houses they fore-closed on since they are better occupied then empty.

Yes there are jobs out there, but it will be a long stint to get the wheel turning again.
Lots of small oil companies are for sale as the big guys are holding back too see if they too can slug threw the tuff days ahead. All sectors are feeling the pinch now.

Reporting from Western Canada travels Lem.

 

[pfi572]

Any contractors you see working in oil and gas are doing it for dead cost or below . "Drilling ,completions and fluid hauling"
Month ago you had work for said price and today re-bid again and loose to someone working for way less.

 

[800HMX]

Nice to see some price recovery in oil and gas, however with oil selling well below $50/bbl and natural gas under $1.00/Mmcf this past year there just isn't any money in the system. There is not going to be much activity until next year.


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[Ronaha]

Best of luck to everyone, and it's mostly luck right now to be busy.

 

[Stockorwalk]

Has anyone heard of the oil companies doing the reverse bidding to get jobs now? Hearing that guy's are destroying the rates on stuff. ie. Hydrovac rate down to $200/hr from well over $300.

 

[dogsmack]

Hydrovac companies have been cutting costs for months now up here in the oilsands. Cut travel time, streamlined load and unload times.

 

[WarrenG]

Lean manufacturing is the term being tossed around our steel mill this past couple years. While not directly tied into the oil and gas market we still feel the hurt that everyone else does in times like this. We primarily make mining products but those markets have softened so much that we are now looking at rebar production to fill our order book. The margins are only about 15% of our normal products but it keeps everyone working and the bills paid. Gotta stay above water until things turn around and then all we have learned to trim costs and improve profits should really help.

 

[j335]

Has anyone heard of the oil companies doing the reverse bidding to get jobs now? Hearing that guy's are destroying the rates on stuff. ie. Hydrovac rate down to $200/hr from well over $300.

Yup I work at an oil company and we refuse to do this but we are hearing some other oil companies doing this.
We want to have a relationship with the vendor once things pick up so we feel cutting their cost till they bleed isn't the way...

 

[pfi572]

Yup I work at an oil company and we refuse to do this but we are hearing some other oil companies doing this.
We want to have a relationship with the vendor once things pick up so we feel contractors cutting their cost till they bleed isn't the way...

Fixed it for you.
Oil company's are asking for reductions ? If contractors didn't cut the rates they wouldn't be reduced.
Then if no reduction and costs are to high oil company's cut programs as not economical.
And yes it is going on with on line biding for work.

 

[Pinner]

The company I work/worked for had a contract with a very large multinational oil company...our work did not go out for bid but a competitor under bid us by so much they just told us to go away. They're too big to sue, it's not right but ?

 

[Joholio]

You would think oil was over $100 with the price of gasoline, those gouging ****s. I paid $1.299/L in Revy yesterday am

 

[pfi572]

Gouging for sure but look at the amount of tax on a liter of fuel?
Just stupid and going up higher in Ab. come Jan.

 

[j335]

Fixed it for you.
Oil company's are asking for reductions ? If contractors didn't cut the rates they wouldn't be reduced.
Then if no reduction and costs are to high oil company's cut programs as not economical.
And yes it is going on with on line biding for work.

We're saying the same thing I think? We've obviously asked and gotten cost reductions like everyone....

Open bidding from a long term perspective will hurt the oil company. For example I switch from vendor A to B since they are cheaper, 2 years from now vendor B jacks up the rates, gonna be harder to get vendor A back. If I stick with vendor A they are most likely not to jack up rates as much and since we stuck with them through the bad they will work with us better. This is all based on our groups experience.