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Maybe, but it seems to me that increased production and lower oil prices are likely to create as many winners as losers.
by jsight 7y ago
Maybe, but it seems to me that increased production and lower oil prices are likely to create as many winners as losers.
- westpfelia 7y agoWell... that might not be true. Were in a weird spot right now where banks handed out billions in loans to oil companies. And now it looks like a lot of these companies are going to be insolvent well before they can even start drilling. So were talking about big banks being hit hard with billions in loans not being paid.
- dd36 7y agoThey usually hedge out 18 months. It would take a sustained assault by SA and I really doubt they will have that much resolve.