It takes time for asset prices to adjust and reach realistic valuations in relation to the current oil price.
Companies are clinging to the hope of recovery and their hands might need to be forced by creditors.
Bloomberg just posted an article on interest levels in US shale:
http://www.bloomberg.com/news/articles/2015-06-18/next-threat-to-u-s-shale-rising-interest-payments
I'm as frustrated as everybody else - but I also don't want Maverick to rush into an expensive deal...and I think that would have been the case if buying during the last few months
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