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Oil equipment auctioneers brace for pain from price collapse: 'There's going to be slaughter'

2015-05-09 15:43:45| Industrial Machines - Topix.net

NISKU, ALBERTA a Standing within earshot of the constant, almost machine-like droning of the auctioneer rattling off ever-higher bids, construction executive Frank Richardson can't believe how much money his equipment is fetching. Already, two of his Mack water trucks, used at construction projects across Alberta, sold for up to 20 per cent more than he had expected, as he watched from the sidelines of what would become a record-setting auction of industrial machinery.

Tags: to price equipment oil

Category:Industrial Goods and Services

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