Yes you did and I noted it. Misery loves company. But its just a headline. For a default to occur you need an event - such as not making a scheduled interest payment. Given OAS balance sheet what's the likelihood of that.
Whiting - the Bakken's largest shale driller - also on the list. Also on the list are companies that have already defaulted (Emerald, Swift). PVA is about to default IMO (and GDP, CWEI not to far behind).
On that list, OAS is tied for the 4th strongest (of the weakest??) with Unit Corp, behind WLL, SM Energy and Energen.
Make a bet with you .... SSN folds (because they do face a liquidity event) before OAS. Don't wish it for either though.
SSN Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
