These guys aren't going out of business. Just the downward cycle as they go down further than the others due to their business. Funny how analysts say they need $70 oil which is bs. If you sell at these prices it just creates opportunity for others to buy....though many get too stressed and bail. The CEO & BOD may surprise as I think we all don't expect much good out of them.
Contrarian good sign when the articles keep shaking the bushes...that $70 is breakeven for these guys (writer another AF) and this recent article. agree GS is a player here moving to the downside. Lower will be the short-play here but make SA prove they can produce 13M bbls/day. Would be good to get oil people who know how to run a company in here!