Rooster Energy PRBEQ

Isn't Rooster in this line of business?

[pearls]

Saskatchewan has idea to get laid-off oil workers cleaning up abandoned wells
The Canadian Press - Feb 08, 2016


REGINA - The Saskatchewan government is proposing to have oil and gas workers who have lost their jobs clean up abandoned wells.

Premier Brad Wall says the program would help stimulate employment in the oil-and-gas sector by accelerating cleanup of wells no longer capable of production.

Wall says it would speed up decommissioning and reclamation of 1,000 non-producing wells over the next two years and generate 1,200 jobs.

Work would include safe removal and disposal of old equipment, remediation of any spills and revegetation of the land.

But the proposal calls for $156 million in federal funding.

Wall says he has spoken with and written to Prime Minister Justin Trudeau about the idea.

"Saskatchewan is home to a high concentration of energy service sector companies and their employees, many of whom are now out of work," Wall said Monday at the legislature.

"These are the professionals who are best suited to well cleanup."

[bechky3]

YES!  That's where the hope is!

[Burnerman]

With so many companies going bankrupt and many more getting ready to if oil slides further south Roosters well services side should be booming. We will know more in the next couple of weeks when the quarterly report comes out. If the news is positive at a depressed time it would prove that management is on the right track and the stock price should return to a more favorable position.    

[Roverthing]

I agree with you. Maybe it is a very good luck for us. I guess that the company is smart enough to develop its most profitable assets during these difficult times. I hope that they have very good news for us by the end of February. I am very positive about that. Good luck.

[westcoast1000]

Morrison has built a great company that is a leader in its field and also plays a huge role coastal Louisiana communities. If you look at the web site of Chet Morrison Contractors it is clear they are there for the long term.  Morrison would not let Rooster go bankrupt because he has many many millions of dollars of assets in it. What I still wonder about is the relationship between Chet