Crude prices are up. I can see the headline -
CEO Paal Kibsgaard announces...."SLB realizes that laying off so many valuable employees was a mistake. SLB will be making every effort to reach out to those employees and offer them their positions back."
NOT
Anonymous64053 - The great rotation begins, I think you've got it right. People will just switch companies, pay will be decreased.
It may go up to around $60/B and stabilise. Then, in 2-3 months, they may want to call you back but not all. About this time, Halliburton and Weatherford may want theirs back, again not all. As many laid offs are and will have been pissed off ( if the Q1 forecasts stands), the prediction of simply exchanging manpower between these 3 may be reasonable. Salaries may be lower than before. any thoughts on that?
pal u would be the next guy out of the door as soon as u loose a client or crude oil drops again. i am not crazy to go back . a good lesson was learned. except a big name, this is nothing but an illusion, a nice colorful wrap around a dog's poop.