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S&P 500
5,431.60
(
-0.04%
)
US TECH 100
19,168.00
(
0.52%
)
Dow Jones
38,589.16
(
-0.15%
)
Brent Oil
82.28
(
0.00%
)
Bitcoin
66,218.42
(
0.04%
)
Post# of 13692
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oilfieldmafia

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oilfieldmafia

Re: Smilin_B post# 4312

Thursday, 01/14/2016 5:17:44 PM

Thursday, January 14, 2016 5:17:44 PM

Post# of 13692
Damn near every shale company is down 40-50%. To say the price of oil has nothing to do with SDOC share price is absurd. All shale companies are running on fumes and losing money right now. The fact that the PPS got so low and it delis Ted is why it's trading at .06.

CHK averaged 30.00 - now 3.00

APC averaged 80.00 - now 35.00

There are many more suffering just as bad. OPEC and the oil prices are about 95% of the reason for drop in PPS. To think otherwise is foolish.
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