*blows for you then?

i usually cash my rsus anyways. i am already leveraged in company stock in my 401k so the "loss" is of no significance to me. I'd rather use the cash to pay down debt than wait for the price to rebound.

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*blows for you then?

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Precisely.

Although, I actually literally just got a notice that I got a promotion. Suddenly I'm not so pessimistic.

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*blows for you then?

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Precisely.

Although, I actually literally just got a notice that I got a promotion. Suddenly I'm not so pessimistic.

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Congrats brah

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*blows for you then?

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Precisely.

Although, I actually literally just got a notice that I got a promotion. Suddenly I'm not so pessimistic.

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#thestruggleisreal

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http://i.imgur.com/jhvdLCR.jpg

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I literally think this everytime they ask....

Hell ya, nice to see some positive news on this thread

Shell is cutting 10-15% of workers on their oil sands project in Canada.

and the positive news lasted only 4 mintues

I tried, guys.

Most rigs idled in a single week since '91. It's going to be interesting to see how much and when supply drops.

http://fuelfix.com/blog/2015/01/09/oil-rigs-fall-by-biggest-weekly-decline-since-1991/?cmpid=hpfc

Why it is a disadvantage to be given cash instead of stock (outside of tax purposes)?

I sell every dime of stock that vests. Always plenty of unvested + my salary/cash bonus/job that is stuck in O&G - can't imagine how miserable the diversification would look for someone who keeps their company stock.

Mostly because I don't even have the choice to keep them as shares if I wanted to. And considering they're worth less now than when I was granted them I would prefer to hold.

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Why it is a disadvantage to be given cash instead of stock (outside of tax purposes)?

I sell every dime of stock that vests. Always plenty of unvested + my salary/cash bonus/job that is stuck in O&G - can't imagine how miserable the diversification would look for someone who keeps their company stock.

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I do the same, but Garland's compensation he discussed earlier were RSUs. So basically shares. He doesn't have the option to hold them if he wants even though the stock probably took a serious hit. A lot of companies give shares as a part of the compensation but employees can do what they wish with them once they vest.

It's less about the cash as it is the lack of an option to hold the shares if they've lost value. To me it's about as bad as companies that have ESPP programs that force employees to hold shares for a certain time before they are allowed to sell.

I typically let my RSUs vest in cash, but typically oil is $80-100/bbl. You'll get significantly less cash now than you would if you sat on the stock and rode it back up. I guess you could turn the cash right back around to buy shares on the open market, but for us it takes around a month to get our cash deposited after a vesting and if oil is on the way back up you're losing the value of whatever your stock goes up that month, not to mention you're paying commission to buy the stock. It usually doesn't make THAT much of a difference but there was one time I took the stock and it went up over 20% before my colleagues got their cash for RSUs sold at the pre-20% rise value. My RSUs coming up this year aren't worth s*** so I'm just going to sit on them and hope for a rebound before I cash them out.

Nm

Mine cash out within a couple days so I could reinvest in shares. Not sure if I will or just keep the cash.

Hard for me to imagine why anyone with a portfolio less than $1MM would keep any substantial amount of company stock but I guess that's just me. Stock going down between grant and vesting is one of the worst reasons I think I have ever heard.

I work for a manufacturer of frac and n2 pumps. Luckily we signed a couple big contracts for some frac fleets which has a decent amount of our 2015 capacity booked. But we're definitely more anxious to negotiate with customers than a year ago.

Had a solid savings but just had a wedding so definitely starting to trim some fat from the budget just in case. The wife isn't happy but the honeymoon is tentatively cancelled....

Go on a honeymoon, even if it's a less expensive weekend get away.

We did. Piggybacked on a work trip to Denver. Putting the big trip to Thailand on hold.

Thoughts on LINE vs BBEP vs LGCY?

Thailand is awesome. Sorry you had to postpone that one.

If you make it over there eventually and get a chance to make it down to the islands, try to stay on Koh Phi Phi Don. There's a place on a nearby island called Koh Jum Lodge that is owned by a frenchman and his brother. Incredible food and accommodations.

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Thailand is awesome. Sorry you had to postpone that one.

If you make it over there eventually and get a chance to make it down to the islands, try to stay on Koh Phi Phi Don. There's a place on a nearby island called Koh Jum Lodge that is owned by a frenchman and his brother. Incredible food and accommodations.

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Spent a long weekend on Phi Phi Don in the summer of '98. One of my favorite spots that I've ever visited.

I spent lots of time in Thailand when I was in the military. As a southeast asian linguist it was just part of the job. Hope you make it

What do y'all think about this:

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Saudi billionaire businessman Prince Alwaleed bin Talal told me we will not see $100-a-barrel oil again.

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Interesting, since in this interview Prince Alwaleed also states that nobody saw the drop coming just 6 months prior.

Prince Alwaleed has the best life ever.

The idea that $100 oil will never be seen again is difficult to support.

It was only a few short months ago that people were saying oil would never be below $100 (http://www.cnbc.com/id/101930320).

Then an "unforseeable" "paradigm shift" takes place and everyone is back making extreme statements.

He's not really saying anything that anyone inside the industry hasn't been for the last 5 years - $100 oil isn't healthy for anyone, $60-80 is where it needs to be.

Going to be another big drop today.

http://www.bloomberg.com/news/2015-01-12/goldman-sees-need-for-40-oil-as-forecast-for-opec-cut-abandoned.html

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Goldman reduced its six and 12-month WTI predictions to $39 a barrel and $65, from $75 and $80, respectively, while its estimate for Brent for the period were cut to $43 and $70, from $85 and $90, according to the report.

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If we get back to WTI @ 65 in 12 months I'll be happy

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Going to be another big drop today.

http://www.bloomberg.com/news/2015-01-12/goldman-sees-need-for-40-oil-as-forecast-for-opec-cut-abandoned.html

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Goldman reduced its six and 12-month WTI predictions to $39 a barrel and $65, from $75 and $80, respectively, while its estimate for Brent for the period were cut to $43 and $70, from $85 and $90, according to the report.

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If we can get back to $65-$70 by the end of 2015 the bust will not be as bad as 80's BUT if it remains in the $40's or below its a major league bust that may rival the 80's. Hope to hell the article is correct!!!

My dad has 'a guy' that sunshine pumps him and has been telling him 'no way oil goes below $80/70/60/50' for months. Article after article of increased demand, Saudis produce oil at $70/bbl, war is coming, so on and so forth.

Maybe he'll finally catch the hint when oil grabs a $30 handle this week or next.

All signs point to a new "normal" of $60-$80/bbl long term. How long it takes to get there? Who knows.