Posted on 01/09/2016 4:54:54 PM PST by familyop
So, without further ado here are 25 deeply distressed companies, whose banks we found have quietly shrunk the borrowing base of their credit facilities anywhere from 6 percent in the case of Black Ridge Oil and Gas to a whopping 51 percent for soon to be insolvent New Source Energy Partners.
(Excerpt) Read more at oilprice.com ...
SELL, SELL, SELL.
Yep, that's what my broker told me to do. So I asked him what he was going to do and he said "I'm going to BUY, BUY, BUY."
Which is better? Buying high and then selling low or buying low and selling high.
Some of those companies aren’t even shale drillers to begin with.
None of these companies have good positions in the better plays (Eagle Ford, Bakken, Permian Basin). They mostly are playing the Mid-Continent and Tuscaloosa.
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