depthtrader,
I do agree with you that there is "systemic risk" but lets look at it this way. BLY is a major supplier of drilling services and produts to the biggest miners in the world. If it does hit financing hurdles, wouldn't make sense for one of it's major customers to step in and buy it at these levels. Especially when those miners run the risk of losing a major service provider to them if they don't. I don't think that financing is a problem for BLY. It will survive and prosper IMO.
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