Core Labs (CLB) CEO David Demshur said oil market supply and demand will come into balance later this year “Core believes that worldwide crude oil supply and demand markets are close to balancing and will balance the second half of … Continued
Haliburton (HAL) CEO David Lesar said the business continued to experience pricing pressure “Our second quarter results showed resilience in the face of another challenging quarter marked by lower activity levels and continued pricing pressure around the globe.” But they … Continued
Schlumberger (SLB) President of Operations Patrick Schorn doesn’t think oil is going back to its recent highs “The current downturn is now 20 months long since the US land rig count peaked in October 2014. It already outpaces that of … Continued
Total Energy (TOTZF) CEO Daniel Haylk characterized the oil services market as “dysfunctional” “ur first quarter results reflect what is arguably the most difficult industry environment faced by Total Energy since we commenced our operations in 1997. The decline … Continued
Source: Seacor Annual Report 2015 Seacor (CKH) CEO Charles Fabrikant says the oil industry is still hungover from excess capacity from the days of $100 oil “I am not prepared, nor am I qualified, to opine as to whether … Continued
The company had a tough year as energy prices fell substantially and customers decreased drilling activity “Core Laboratories had a challenging year in 2015 as crude oil and natural gas prices reached multi-year lows. Sharply higher crude oil production for … Continued
DistributionNOW (DNOW) CEO Robert Workman said oil storage capacity is nearly tapped out “The first quarter of 2016 proved to be as challenging as the many preceding quarters with the U.S. and Canada rig count dropping 23% sequentially and 57% … Continued
Total Energy Services (TOTZF) CEO Daniel Haylk said some of his competitors are acting irrationally “Current industry conditions are as difficult as any faced by Total Energy since we commenced operations in 1997. Price competition has been fierce with some … Continued
National Oilwell Varco (NOV) Clay C. Williams on Q4 2015 Results Present level of activity is insufficient to supply longer term demand “We believe the present level of activity is insufficient to supply the longer-term demand for oil. And note … Continued
Core Laboratories NV (CLB) David M. Demshur on Q4 2015 Results Crude should balance in 2H16 “I’d like to talk about some of our current macro views, and then touch on the three financial tenets. Our Core believes that the … Continued