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Many shale companies will go bust.

 
Anonymous Coward
User ID: 78190461
United States
03/08/2020 11:19 PM
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Many shale companies will go bust.
2015 all over again. OPEC talks failed and Saudis are pushing to regain market share. If this holds for even a short period, many shale producers will go bust.
Anonymous Coward
User ID: 76819303
United States
03/08/2020 11:39 PM
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Re: Many shale companies will go bust.
They just need to shutdown and go on holiday for a few months or until things improve and start up again. Their stock prices will take a hit but they will survive.
Anonymous Coward
User ID: 78125306
03/08/2020 11:47 PM
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Re: Many shale companies will go bust.
by shale you mean this is an attack on the us
Anonymous Coward (OP)
User ID: 78190461
United States
03/08/2020 11:53 PM
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Re: Many shale companies will go bust.
by shale you mean this is an attack on the us
 Quoting: Anonymous Coward 78125306


Yes, many shale companies in texas and oklahoma will go out of business.
Anonymous Coward
User ID: 72525860
United States
03/08/2020 11:58 PM
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Re: Many shale companies will go bust.
13 MPG Rides again!
No more sissy cars & trucks!
Anonymous Coward
User ID: 78125306
03/08/2020 11:59 PM
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Re: Many shale companies will go bust.
by shale you mean this is an attack on the us
 Quoting: Anonymous Coward 78125306


Yes, many shale companies in texas and oklahoma will go out of business.
 Quoting: Anonymous Coward 78190461


maybe big oil did it
Cap’n Obvious

User ID: 76010295
United States
03/09/2020 12:05 AM
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Re: Many shale companies will go bust.
Another oil company comes in an either takes them over outright or buys their assets at bankruptcy

It’s like a big fish eats a little fish and a little bigger fish eats that fish and so on and so on.

The wells I have in North Dakota were put in by several different companies, each owning a piece of the royalties. the only original one that remains after 12 years is ENRON. All the others have been bought out and bought out again and again. Crazy. I don’t even read the notices any more and after this drop, I won’t be in a hurry to cash my royalty checks either.
You can stand me up at the gates of hell…. I won’t back down.
—————
If it doesn’t seem logical it is likely bullshit.

if it might be possible it is usually bullshit.

If it makes sense it is probably bullshit.
Anonymous Coward
User ID: 78585718
Mexico
03/09/2020 12:19 AM
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Re: Many shale companies will go bust.
2015 all over again. OPEC talks failed and Saudis are pushing to regain market share. If this holds for even a short period, many shale producers will go bust.
 Quoting: Anonymous Coward 78190461


That works fine with plan to turn the Permian basin into the US' nuclear waste dump in 2022.
Anonymous Coward
User ID: 78586080
United States
03/09/2020 12:23 AM
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Re: Many shale companies will go bust.
Live low on the hog

Have plenty of cash and live cheap

God only knows
Anonymous Coward
User ID: 78586080
United States
03/09/2020 12:24 AM
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Re: Many shale companies will go bust.
13 MPG Rides again!
No more sissy cars & trucks!
 Quoting: Anonymous Coward 72525860


Bullshit

You’ll be on a bike

40 mpg we ride
Anonymous Coward
User ID: 78253925
United States
03/09/2020 12:25 AM
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Re: Many shale companies will go bust.
Massive Trump Bailouts coming.





GLP