Not going to say that disagree and there is no doubt that the Shale drillers are getting hurt, but the extent of the damage is the question as stories like this suggest they have a long way to go before they bleed out. It is also worth remembering that they can ramp up or down spend on a dime; they just need the cash to stay warm stacked for want of a better description.
http://www.rigzone.com/news/oil_gas...e_2_Billion_in_New_Equity_to_Permian/?pgNum=0
Im still cautious, page-61
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