this might be true in a recession , but just keep in mind this crisis is limited to oil and gas industry only, thus only affecting the oil and gas industry employee. But i do remember in the last recession, property prices is fairly steady in fully matured area but that was before the property bull markets which see property prices increase another 100% to 200% after the recession. I am not saying property market will not collapse sooner or later but you need to have a full blown recession first before that happen. sorry out of topic a bit

like i said, it is only affecting oil and gas industry employee, according to this , employment in industry is just around 20% in 2010

http://www.indexmundi.com/facts/malaysia/e...ent-in-industry

industry as per ISIC rev 2 is mining (including oil and gas),manufacturing, utilities and construction), how much of that is oil and gas, is anybody guess, but as you know the biggest employer in the oil and gas industry in Malaysia which is petronas has not started to lay off people yet and there is no plan for that either for now according to current news. So even if there is an on going lay off and vss for oil and gas employee in malaysia, i don't think it will exceed 5% of the total employment in Malaysia.

Although we want to believe oil and gas industry employee rakes tons of money and on average is higher than other industry, but this is not necessarily the case. Some oil and gas employees who over commit and could not hold onto their property will bring a great opportunity for other people who is searching for a bargain, but still won't lead to a crash. ok, we stop now as this is way off topic

This post has been edited by backspace66: Mar 3 2015, 04:40 PM

bad news for sperry sun and security dbs. Halli divesting for some overlapping services

http://www.halliburton.com/public/news/pub...drill-bits.html

This post has been edited by backspace66: Apr 8 2015, 10:09 PM

seperately means, sperry sun will be sold seperately from security DBS. Makes no sense for any other company buying LWD/MWD and directional technology separately. These technology works together and it only make sense that the buyer will buy sperry sun as a whole. Also to get a contract with an operating company you need this full suite to market as a package for the client.