2 ms·
They've got about 5 years of cash left. They can play chicken for a while yet. They're better capitalized than almost every oil producer in America for sure. E
by crdoconnor 11y ago
They've got about 5 years of cash left. They can play chicken for a while yet.
They're better capitalized than almost every oil producer in America for sure. Even once prices go back up again the memory of all of the bankruptcies is still going to linger on and drive up the cost of capital.
I doubt as many investors going to be willing to go all in on a second round of chicken with the Saudis.