PPRuNe Forums - View Single Post - Bristow stock is not doing too well either
Old 1st Jul 2017, 03:56
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fadecdegraded
 
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Originally Posted by Chris Pochari
When the price of crude drops below marginal production cost, (which varies between $65-75 per barrel for offshore) oil companies will shut down rigs, (it's called the utilization rate). When they shut down the rigs it reduces the demand for transport services.
It's that simple.
And your point is?????
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