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ENG Bounced off $2.88... what next?      2-Nov-09 11:25 am    
Haven't had a possition in ENG for some months... dumped when COP started cutting back capital expenditures. Except for a couple business units ENG is not much more than a "engineering temp service". For example, the Tulsa unit had about 400 workers not too many months ago but reportedly are about 80 today. It is well known that the average age of an ENG engineer is north of 60... some way north. What will happen when/if the economy gets better? Where will they get so many engineers? The competition has entered the Tulsa market and will make it tough. The boom/bust/boom cycles in petro chemical business makes it tough on oil/gas companies but maybe more tough on ENG types.

With Obamanation running things doubt anyone has a clue which way "things" will go.

Good luck.
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ENG Bounced off $2.88... what next?
tango.unifo... Not rated 2-Nov-09 11:25 am  
 
Sept. 2008, $16.00 a share, what a shame.
gebenhoeh Rate it 3-Nov-09 08:31 am  
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ENGlobal Corp. (ENG)

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