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GMX Resources Inc. Message Board

goblue747 1 post  |  Last Activity: Feb 12, 2016 2:15 PM Member since: May 6, 1999
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    by brnolen24 Feb 12, 2016 2:01 PM
    goblue747 goblue747 Feb 12, 2016 2:15 PM Flag

    Moody's performed a "stress test" on many Oil & Gas companies, where they assumed that oil trades under $30 for several years. Moody's also assumed, in such pricing scenario, asset sales would be difficult if not impossible. Under that scenario, WLL goes BK sometime during 2017 -- big deal, everybody already knew that. WLL has some time, but eventually needs oil to get back over $40. Commerzebank just issued a report today saying they expect oil back over $50 by YE, other analysts say not for 2-3 years.