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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.
Have a nice day = GFY. GFY = Go Fuck Yourself. If this offends you then have a nice day.
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
Mexico
03/09/2020 12:25 AM
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Re: Many shale companies will go bust.
Massive Trump Bailouts coming.





GLP