InvestorsHub Logo

56Chevy

10/19/18 5:57 PM

#13 RE: 56Chevy #1

Marker:
Gastar Exploration I (GSTC)
$0.055 up 0.002 (3.77%)
Volume: 408,933

*price of WTI crude is $70 @ bbl. which is down 3 or 4 bucks from summer highs. When an oil company can't support their debt structure on $70 oil you know they won't be getting up off the canvas...down for the count. Any bidders for their properties would have to get them at fire sale prices or it just isnt worth buying.