OPEC is handing shale producers their arises on a silver platter... I mean beating the living tar out of them. Most shale players will go bankrupt or fold within the next 6 months if they haven't already. This means the Hals, BHIs, NOVs of the world will likely never have to rehire and hence, never have to layoff again if another downturn were to occur. This means you people dont have to worry about getting jobs again in the field and have any future job insecurities. You can likely collect unemployment and throw beer bottles at the wall while complaining about the global economy. Must be great...losers.
6 replies (most recent on top)
Bankruptcy in many cases results in bondholders assuming the firm with zero debt and all obligations voided.
The retail investor loses as hedge funds swoop in like vultures flipping junk bonds into a viable company.
A restructured oil company bringing in legacy revenue with zero debt will surely reinvest.
One has to wonder how much debt Halliburton is going to have to eat, or negotiate down when these companies go under.
Dumbest post I've read in a long while
OP - You sound like a most unhappy little person. Perhaps you shouldn't worry, so much, about other people's problems,... you must have plenty, of your own, to make sleeping at night, quite difficult.
Nothing lasts forever, dumbass.
Troll