Oil prices have always provided our industry with a bumpy ride, but 2015 and 2016 have made us buckle in a bit tighter. The low price of oil has been, to say the least, extremely frustrating — and not just for everyone working in the oil patch. Much of North America has felt the impact.
Everyone is asking, how long can the downturn go on? Will the price recover soon?
So we asked Andrew Bradford, oilfield services analyst with Raymond James, those questions. He is one of the Canada’s leading industry experts in oilfield services.
In last week’s post, we talked to Tom Horton, Vice President of Business Development and Contracts with Trinidad’s U.S. operations, about the major U.S. plays where Trinidad is operating drilling rigs.