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I don’t know this for certain, but I have a feeling much of the price of extraction comes from accrued debt. Most of these companies - especially the smaller on
by bladegash 6y ago
I don’t know this for certain, but I have a feeling much of the price of extraction comes from accrued debt. Most of these companies - especially the smaller ones with less liquidity - probably financed significant portions of their operating expenses.
- Scoundreller 6y agoI agree. There’ll be a lot of bankruptcies and burned investors, but could be plenty of ongoing production after that all gets wiped out in a chapter 7/11.