As always highlighted the US oil markets are now starting to collapse due to huge debt in this nowhere price range of $50 USD. So many US companies tried to jump on the shale boom taking on enormous amounts of unrealistic debt and are now finding out that they’ll never be profitable. Crude prices will rise as more producers start to fail.
Oil and gas bankruptcies are on the rise, here's what it means for different parts of the US
https://www.cnbc.com/video/2019/09/...are|com.apple.UIKit.activity.CopyToPasteboard
- Forums
- ASX - By Stock
- SXY
- US Oil companies at risk
US Oil companies at risk
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)