Oil will continue to fall and everybody involved is going to get squeezed, energy pro John Kilduff told CNBC on Tuesday.
That includes the so-called picks and shovels companies that aren't directly involved in oil production.
"It is a total ripple effect. Nobody's immune to this," Kilduff, founding partner of Again Capital and a CNBC contributor, said in an interview with "Closing Bell."
"I don't think we're anywhere near the bottom yet that's why I keep urging folks to hold off from rushing in to bottom fish."
That ripple effect was felt Tuesday by Civeo, which plummeted 52 percent after it handed in weak guidance and slashed its workforce. The company builds villages, or "man camps," to house oilfield workers.