One of my company's major verticles is the oil and gas industry

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Nov 27, 2014
5:20:48pm

EEcougar

One of my company's major verticles is the oil and gas industry

We have been told that for our product to be viable for them, the price of gas must be at or above 3 dollars a gallon. It of course is not directly related to the price of oil, but there is apparently a close enough correlation for them. This will not spell good news for the company as a whole.

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EEcougar

Bio page: EEcougar
Joined: Mar 11, 2003
Last login: Apr 18, 2024
Total posts: 4,664 (6 FO)

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Messages

Author

Time

OPEC decision could be a major gamechanger in a number of areas. Not saying I

My Soapbox

11/27/14 1:49pm

Forgot US producers some of whom are leveraged significantly and could get

My Soapbox

11/27/14 2:10pm

Not just producers, all of the support companies too...

Tokolosh

11/27/14 2:17pm

Agree, the velocity of this move caught a lot of people flat footed and very few

My Soapbox

11/27/14 2:22pm

believe it or not, this is a fairly well established cycle; oil shocks and gluts

BYUtiful

11/27/14 2:29pm

Oil hit $45/bbl less than 6 years ago

Hinta

11/27/14 2:47pm

I picked it up shortly after your post. The prologue and chapter 1 were...

Tokolosh

11/27/14 5:56pm

Sorry, when I left Tokolosh and I were the only ones at the party. I don't think

My Soapbox

11/27/14 8:07pm

One of my company's major verticles is the oil and gas industry

EEcougar

11/27/14 5:20pm

The Saudis have the cash to weather the storm, others do not.

mudpupper

11/27/14 2:39pm

Then the americans stop drilling as much due to lower prices. Prices rebound

Y'zFan

11/27/14 2:43pm

exactly

mudpupper

11/27/14 2:58pm

Yes, oil is cyclical

AxelDC

11/29/14 4:41pm

Not Exactly

Coug76

11/27/14 5:05pm

RE: Not Exactly

Coug76

11/27/14 5:13pm

Wait, I thought lower prices were an Obama conspiracy to win the election.

Japan Coug

11/27/14 5:06pm

<< Deleted >>

Abe Froman

11/27/14 5:57pm

Do you mean low prices?

Japan Coug

11/27/14 6:51pm

<< Deleted >>

Abe Froman

11/27/14 10:33pm

The oil market is huge and there are a number of factors at play. Anyone who

My Soapbox

11/27/14 8:19pm

Yes, but I've never met anyone who asserts the latter.

Japan Coug

11/27/14 9:24pm

You need to find new friends.

My Soapbox

11/27/14 9:38pm

The domino effect would be global. NYC/London apartment prices would

11/27/14 6:35pm

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