Bankruptcies will continue for US shale plays. Fracking is not cheap, when you have 70%+ declines in the first year.
What has been cheap is the debt that has been racked up. Some estimates have it around $200 billion. Rising interest rates in the US should push more to the wall after March end.
Bankruptcies will continue for US shale plays. Fracking is not...
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Last
$7.89 |
Change
-0.030(0.38%) |
Mkt cap ! $25.62B | |||
| Open | High | Low | Value | Volume |
| $7.87 | $7.94 | $7.86 | $44.13M | 5.590M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 25085 | $7.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.89 | 39733 | 1 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |