Dow taking a nose dive over poor US economic figures and interest rates.
Oil getting smashed again down to
Gold rose during the week back to around $1200usd, doing well considering.
US Shale Oilers drowning under a mountain of debt with junk bonds and now they are considered the worst performing companies.
Not looking good for the US Shale oil industry at all.
Oil Drillers Push List of Worst-Rated Companies to Two-Year High
by
Kristen Haunss
(Bloomberg) -- The number of least-creditworthy companies has jumped to a two-year high as the oil rout pummeled the ratings of U.S. energy producers, according to Moody’s Investors Service.
Energy XXI Ltd. and Midstates Petroleum Co. were among 12 borrowers in the oil and gas sector added to a list of the lowest-rated companies in the past quarter, Moody’s said Friday in a report. As of March 1, oil and gas borrowers made up almost 14 percent of the list, the largest representation of any industry and the segment’s highest percentage ever.
http://www.bloomberg.com/news/artic...ist-of-worst-rated-companies-to-two-year-high
