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Huge numbers of US oil companies are filing for bankruptcy right now, and many are not profitable even at zero debt. I am not sure where your "most are succeedi
by justincormack 11y ago
Huge numbers of US oil companies are filing for bankruptcy right now, and many are not profitable even at zero debt. I am not sure where your "most are succeeding" figure comes from.
- hughw 11y agoThirty-six [1] is not "huge numbers". There are literally thousands of oil and gas companies in the US. I repeat, most are succeeding. [1] http://www.slideshare.net/MarcellusDN/haynes-and-boone-llp-oil-patch-bankruptcy-monitor http://www.slideshare.net/MarcellusDN/haynes-and-boone-llp-o...