RE:Sign of the times: U of Calgary pauses BA in oil/gas Not sure, but talk to those with a BA in oil and gas, do they have jobs in the industry, or have they been laid off?
My Drilling Engineer friend got canned way back in the 80's, did sales of fracking equipment for a while, got into insurance and made 5x the money over the years and sold his business for millions to boot.
Only if you are a part partner can you get ahead, maybe.
I am sure last year many were shaking their heads wondering what they were doing with an oil and gas company that lost 95% of stock value.
Many people are calling for a market meltdown, but, I think there is just too much money on the sidelines, profits coming from all angles, property, housing, private businesses, tech, internet income and so on.
No one wants to invest for 1% a year.
I believe in Peyto, but not sure about the markets in general.
And Peyto is still pushing that big pile of **** we all know about with hedges being the issue but it is slowing winding down, prices are better than even in oil and gas, it has to help at some point. Will they pay any debt down? Will they drill more to get to 100,000 boe/d.
Do they want to keep going past 100,000 to 110,000 or 120,000 slowly over time as I think too fast and then you have declines hitting you in the face even for Peyto if the worm turns it can hurt as we all know.
I am glad though I am more NG then oil. As with oil we all have to contend with OPEC all the time. And if not them, Russia, US and others even our own governments tyring to take their piece of the pie. They never learn you can kill the goose that lays the golden egg.