A week or two back I noticed the yards filling with drill pipe - which is a really, really bad sign. The equipment rental yards were filled with idle equipment - another really, really bad sign. Today and yesterday I dropped in on some major oilfield and heavy construction customers - and couldn't reach them.
They were out in the yard picking up trash. One was out on the lawn tractor mowing the grass.
Folks, it doesn't take a rocket surgeon to realize that when you have your senior tradesmen and foremen out on garbage detail - there is something serious going on. The layoffs going on in Alberta - already terrible - are going to become much much worse in the next quarter.
Ya heard it here first! Make your preparations accordingly!
This kind of shit can only end one way...