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OakesCS

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OakesCS

Re: DewDiligence post# 10008

Friday, 04/17/2015 1:19:08 PM

Friday, April 17, 2015 1:19:08 PM

Post# of 29406
Lol. You're not wrong. From what I've seen and heard, SLB's reaction to the change in market conditions under this CEO is much more rapid, and possibly severe, than under previous CEOs. Probably a good thing.

Rig count over past 6 months is almost identical to the collapse starting ~Dec 2008. It took until 2010 for layoffs to reach as deeply as they are now.
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