The shale oil industry’s reliance on bank loans could lead to a wave of bankruptcies if the price of oil doesn’t rebound, Shaia Hosseinzadeh of…
Tag: 2020 Oilfield Crash
Oilfield Bust? Time to invest in oil?
The Oil industry is witnessing a major correction. Mass Layoffs and investment pull-back from oil majors are expected after Oil prices plunge because OPEC+ failed…
Oil Sector Companies with high debt could see bankruptcies soon
Eric Hess, Newfleet Asset Management portfolio manager, joins ‘Fast Money Halftime Report’ to discuss the state of the market amid the oil war. Oil Wars:…
Goldman Sachs is now out with a dire warning: $20 a barrel oil.
Brent crude oil futures tanked as much as 31% to $31 a barrel on Sunday evening as Saudi Arabia ratcheted up pressure on Russia by…
Bankruptcies & Mass Layoffs Coming to American Shale Companies?
Futures on the Dow Jones Industrial Average plunged more than 900 points. The S&P 500 futures also indicated a 4% drop at the open on…