Thread regarding Halliburton Co. layoffs

I'm in agreement with this posting 100% below. My best guess is out in 2018 and by this time and decent prices Service and Oil Co's will have streamlined so extensively hiring people back will be in small #'s, cheaper salaries, and challenging for HR and Recruitment. People just won't forget how they was treated when showed the door.

1)"For the most part the budgets are set for the year so change is hard (budgets have been finalized and many companies are in financial trouble). 2) More importantly E&Ps will want to see that any price recovery is sustained and may first choose to improve their balance sheets while considering what new projects, that are lower risk and lower cost to go after first. 3) They also have the issue of ramping up people and facilities which isn't something that will be very quick (and be a very easy task). Don't expect any major changes until at least mid-2017 and possibly 2018".

Companies will continue to squeeze the last drop of sweat of those employees that are still employed before they start investing and hiring again to try to save as much $$....upper management only cares about end of the year results for their bonuses...that's reality

It will take prices consistently at least in the mid-50s.

There will be no further activity increase of any significance this year. For the most part the budgets are set for the year so change is hard. More importantly E&Ps will want to see that any price recovery is sustained and may first choose to improve their balance sheets while considering what new projects, that are lower risk and lower cost to go after first. They also have the issue of ramping up people and facilities which isn't something that will be very quick. Don't expect any major changes until at least mid-2017 and possibly 2018.

It's false hope due to the fires in Canada and Militants blowing stuff up in Africa. Saudi is still running wide open and we just keep buying up their cheap oil.