Not to mention the fact that the big players will force smaller oil and gas companies with large debts obtained during high oil prices into accepting very cheap take over bids. the end result of the falling oil price will be the death of all but the biggest oil and gas companies, just watch as the smoke clears in a year or two the big guys will own the game, their losses over the next couple years will be made up very quickly at that point.
GXY Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
