Key Energy Services reviews

Many economists believe we are headed into a deeper recession in 2017 which will put additional stresses on the energy companies already hurting or carrying a high level of debt. There is a high probability that Key Energy goes bankrupt in the near future as oilfield demand for their services becomes even more competitive and others in the same business that are healthier financially cut costs even further as the recession deepens. Key has too much 'true debt' and besides their largest debt holder turned majority owner, it has a poor track record of increasing debt in a downturn market. Going forward, besides their majority shareholder, it will have extremely limited access to any additional funds from which to operate their day to day business from. And since the majority shareholder has already sunk $700 million into the company, it is doubtful they will be free with any remaining cash requests for ongoing day to day operational expenses. Expect an even greater cost cutting initiative to begin soon going forward. This means all non bills will be challenged and little to no pay raises for the foreseeable future (1 year minimum).

1. You will not get the raises you deserve unless you're related to one of the executives 2. the company talks a lot of BS--employer of choice; communication; effective leadership, but they dont folow what preach 3. this company acts like a privately owned one even though they're publicly traded 4. in 4 years, they've had 6 layoffs. this is bad for society as well as it increases the number of people having to draw from unemployment 5. HR sucks! one of its people are promoted simply bc of who they know without proper degrees and experienc 6. most people who work at Key --field and corporate--hate their jobs and are trying to escape Do yourself a favor and find a real company that knows how to manage a business, correctly forecast and doesnt engage in nepotism