It is going to be carnage as Shale Fails.
And this is before you factor in the following;
http://www.houstonchronicle.com/bus...nks-to-tighten-grip-on-shale-debt-6514722.php
"Bankers and attorneys say federal regulators are beginning to eye oil company debt with the same caution they used with real estate loans after the financial crisis six years ago, warning banks they doubt borrowers could pay back some portion of the oil loans."
And we all know what happened to real estate then.
![](http://hotcopper.com.au/"https:/bid.g.doubleclick.net/xbbe/beacon?data=APEucNWPeRpBicOtr_qkXCGMfZdU2_nouoA89dDBYyWCh9VMv-SLbO78qYqr03Bqd7l4GJXRUGF8azCuG9YWX3Ju-13JS_r5OA")
Vicious J curve playing out, page-8
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Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 48.5¢ | 48.5¢ | $4.85K | 10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31741 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 200000 | 1 |
View Market Depth
| Last trade - 10.04am 07/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |