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US and Canadian Oil Rigs cut over 50% from 2014


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#1 Rogerdodger

Rogerdodger

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Posted 05 September 2015 - 12:03 PM

Phillips Conoco cut over 1,000 jobs last week.
Tax revenues are cut bigtime.
Buy...Travel is cheaper.
Cash in pocket to dine out!

Baker-Hughes Rig Count
1:00 PM ET
The Baker Hughes North American rig count is down 22 in the September 4 week to 1,051 and is down 1,288 from this time last year. The U.S. rig count is down 13 rigs from last week to 864 and is down 1,061 rigs from last year. The Canadian rig count is down 9 rigs from last week to 187 and, compared to last year, is down 227 rigs.

$16 resistance here:

http://stockcharts.c...41472550421.png

Edited by Rogerdodger, 05 September 2015 - 12:04 PM.