CEOs from energy companies gathered Monday in New York for the RBC Global Energy & Power Executive Conference. CNBC ‘s “Power Lunch” host, Brian Sullivan, sat down with some of the top executives to talk about the outlook for the oil and gas industries during the second half of the year.
David Dunlap, CEO of Superior Energy, said on Monday that he does not see the market getting better over the next few quarters, but there could be some stability.
“I think we are beginning to get close to a bottom from a cost standpoint,” he said. “The market is not going to get a lot better in the next few quarters, but we’ll see some overall signs of stability in activity and that’s going to drive some stability in the labor force as well.”
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