Add a New Bears Reason Industry: Oilfield Services Headline: (100 character max) Analysis: Cancel 100% agree 1 votes   There is no demand for oilfield services - just contracts Top Contributor: Amit Amin | Last edited on 02/22/09 | Edit | History The reason oilfield services companies are still bringing in money is because of the contracts they were able to negotiate with the oil and gas companies before the collapse in oil prices. These contracts impose heavy fines on early cancellations, so oil companies continue to use their services despite the fact that the oil the produce makes little money. However, once these contracts begin to expire there's going to be a huge drop in demand, and dayrates. (100 character max) Cancel

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