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"Stuart Olson Inc is a Canada-based company. It operates in business segments that are Industrial Group, which offers services to clients in a wide range of industrial sectors including oil and gas, petrochemical, refining, water and waste water, mining, pulp and paper and power generation; Buildings Group, which includes construction, expansion and renovation of buildings for private and... see more

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Stuart Olson Inc > Oil and Gas Will Be Cutting Back

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Post by crow27 on Mar 18, 2020 2:08pm

Oil and Gas Will Be Cutting Back

They just have no choice and even cutting back is not going to save many companies. SOX does work for the Oil and Gas industry so It is not to much of a stretch to figure out that pain is coming.
Not as big a problem if you have no debt but in times like this debt is a huge anchor around any company.
Hopefully other sectors are picking up but reality is that things are shutting down and not going full bore.

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