Choptalk, are you okay ?

[CHOPTALK]

Who's gonna go and who's gonna survive, Chop? Specifically.

I really don’t know .

The service sector is getting hit the hardest . There will be a ton of consolidation in the service sector .

I believe Schumbeger is in great position to survive this as they have the balance sheet to weather this downturn and acquire smaller companies on the cheap .

I bought some recently . This is a great buy low candidate .

 

[Willie99]

All I’m hearing about and seeing is people talking about the cuts have happened much faster and much deeper then people anticipated .

I told y’all this weeks ago on this forum .

I said the cuts would be much more and much faster then advertised . Especially outside of OPEC .

We already had a reported draw down of inventory on Wednesday and we have not even hardly begun the process of easing the restrictions .

Our output right now is at levels not seen in almost 2 decades and we still have some cutting back to go even if not another well gets shut in.

Investment and drilling is almost dried up and the depletion of wells in the tight formations deplete rapidly with nothing to replace it with .

If opec+ holds to these cuts we in for a great rebound unless we fall under a dumb reopening of the economy .

Lets hope there is not a 2nd outbreak in the fall, and let’s hope cases don’t re spike as we start opening things back up .

And let’s hope somehow the economy don’t completely implode .

This is a very important time in our nations history to say the least .

Lets hope for the best Chop, you give a great example of why things need to open up, and we can't expect government bailouts to sustain us beyond a short-term steroids injection

Getting the economy moving is absolutely essential to our survival