[dp0622]

The drills will stop when there is no profit margin.

Small oil companies in America are Tremendously leveraged more and more by practically junk bonds.

[TexasM1A]

It’s going to put a big hurting on the oil patch, the layoffs have allready begun and the potential job losses coming will be significant.
One of our biggest customers who is a mid size company, but with a global reach, is forecasting a 70% drop in business for this quarter at a minimum.
There layoffs will be in the thousands.
But it’s okay, because us oil and gas folks are just greedy bastards.

[Drago]

Yep, the domestic oil industry is getting crushed...the bankruptcies are starting...Whiting Petroleum declared yesterday:

http://whiting.com/investor-relations/

[Zhang Fei]

[The drills will stop when there is no profit margin.

Small oil companies in America are Tremendously leveraged more and more by practically junk bonds.]

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The beauty of the bankruptcy process is that the assets will pass into stronger hands (i.e. the next round of stock and bond investors). There is unlimited money to finance the fracking sector. The amount of money in the next round of funding will shrink, because investors will demand a higher return to compensate for the risk, but there will be enough money to produce a huge amount of oil.

[Paladin2]

“Small oil companies in America are Tremendously leveraged more and more by practically junk bonds.”

The radio ads seeking oil investors has stopped. Maybe they don’t even have enough ca$h flow to advertise