OPEC Struggling To Keep Up The Pace In Oil Price War
Some market watchers, such as Cornerstone Analytics (CA), have consistently stated that the underestimation of demand, coupled with over-estimation of supply, will mask the growing call on OPEC oil in the second half of this year. CA recently noted that global demand outstripped supply by some 4 million barrels in April . This comes in addition to the mounting evidence that the oil market, via rig count declines, slowing production growth, higher demand and huge API crude inventory declines, is starting to readjust.
Obviously you don't understand BK, if you think that common shareholders get nothing in a BK when a company has lots of assets. Not that BK is even a remote possibility for PGN until 2018 at the absolute earliest. Even then, it would take something big going wrong for that to happen (like cheap do it yourself home fusion power plants for everybody).
As crazy as it sounds, it's true. The company with crappy assets that is supposed to lose a ton of money this year is worth more than PGN which is supposed to make 55 cents a share (should be much higher), and should have enough free cash flow to buy every single share of it's stock 4 times over!