By the USA financing this, the value of the dollar decreases and your outstanding loans become worth less in terms of value.I'm using you guys as a sounding board, is any of that wrong?Yeah. How tough are shifts really when they go that long?Would you have recommended this career to your younger self? It doesn't matter how unprofitable the company is. Eng., would you recommend me doing a masters in data science?Going to be working for a service company and I don't know how to make that transition once a downturn hits.Hi there!
I have a question for. So who are we actually punishing?The reason recessions hurt is because they create a liquidity problem. He landed a job with a Halliburton frac crew.Could you also message your resume? I'm in the same situation.Very great industry, but like buddy said, work away from home. Oil and Gas is a very cyclical industry, and has booms and busts. Also, different jobs have different benefits. It's not a job for the weak though. Speaking with Scott Wapner, ... Wapner tried again, pleading the case for Wall Street. However, there are several downsides to this:Corporations primarily serve their shareholders, so a significant amount of that stimulus money will be skimmed off the top immediately to protect profits.Corporations remain in cost cutting mode, so layoffs and wage cuts still happen, leaving affected employees without any safety net.Small and medium businesses typically won't get bailed out, so all the money goes to the huge corporations who arguably need it the least.The other option is to give it to individuals. If you see someone from another company getting equipment setup and you have nothing to do, go help them.
But they are horrific liars and are super pro anything that lifts the economy today. I'm young, healthy, like working long hours, and I don't have any major responsibilities like children or pets. As someone new to the field, people WILL fuck with you. These airlines went from booming economically to bankrupt in an extraordinarily short amount of time, which goes to show the shortsightedness of the big investors and CEOs.It's not their fault there is a pandemic - I agree with that. I’ve heard of shifts going anywhere from 8 hours to 16, with 12 being the most consistent. Also divorce rates are way high in the industry, I know personally so many couples breaking their marriages, due to the time constraints. Good money , something different every day. People don't seem to recognize that the CEO will still be wealthy if the companies go under. VERY rarely do you have skills in the oil and gas industry that will transfer to another viable industry. They will tell you to get things that don’t exist. Forcing them to file Ch.7 and start selling off airplanes is equally ridiculous, because we know, ..If only we took democracy as seriously as we take the marketsPrivatized gains, socialized losses. Is it really so isolating?Is it actually possible\realisitic to work your way up in a company after a year or two?I've heard of shifts going anywhere from 8 hours to 16, with 12 being the most consistent. On the production sideYes they're moving hands up pretty quick these days and you learn a lot. This sub has been CNBC since March. This includes driving to location, and then doing the work.I am not sure if I am qualified to answer because I am only 4 years out of college, but I really wouldn't. “On Main Street today, people are getting wiped out. Socialism for the rich, rugged individualism for the poor. I've also worked several times where my company could not get me relief so I've stayed over 140+ hours working with blowouts, high H2s drilling, Rescue jobs.
Some people resorted to committing suicide, struggling for scraps, and leaving the industry altogether. Could y'all help me out with a few questions?I've heard that for some positions you don't need any prior experience, while some companies day you need a PE degree to even have your application looked at for the same position. Vaccine might come in the next year? You might want to ask yourself why they are so short handed if they pay well? Maybe the airlines should get a second job, learn to code or get rid of their iphones?Wow, I never noticed the hypocrisy there. The pay is good and the skills can be transferred to many other service lines.
You will get job offers several times a month if you do that.5. Press question mark to learn the rest of the keyboard shortcuts It's a last-ditch effort to repay investors and extract as much cash from the company's corpse as possible before you bury it.Chapter 11 is all about reorganization. How tough are shifts really when they go that long?Depends what you do.
In Ch.11, the court's approval is required for all financial decisions and the company must develop a plan to repay debtors while continuing operations. You will have rotations, traditionally it was 14 on 14 off (Essentially making half the year free), but due to penny pinching its not unusual to see 10 on 4 off etc, it depends on the company. Is this normal?What is onshore life like for newcomers? The traditional school of thought has been to give money to corporations for this purpose. (This question is mostly geared towards people who have been in the field for a decade or two)You jump into the field by securing a job in the field. This option is arguably more effective because at the outset, that money will go to local businesses and allow individuals to survive (for a time) regardless of what happens with their job.
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