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Well I saw it coming since the first

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catdaddyrt Member Level  Thursday, 09/15/16 12:14:59 PM
Re: MikeBK205 post# 88
Post # of 97 
Well I saw it coming since the first of the year and even last year - and when they come out of BK after cutting most of the debt they will need 65 dollar oil to break even -50 dollar oil over the next 3 years will bankrupt the new company as well. They will emerge with a 425mm credit facility but at 50 dollar oil they will burn 119mm per year so they are betting on oil prices recovering the the next 3 yrs or they go back under.Woof woof lol



DON'T MESS WITH TEXAS
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