BX has no commitment to LINE. BX wanted access to cheap assets in tight oil. LINE needed capital support. The two came together. But you can bet that if LINE doesn't make production favorable to BX that BX will say adios.
That's window dressing. Obama is the most pro-Muslim president in US history, even more than the oily Bushes. Obama has given his approval to the destruction of fracking.
Of course reserve value has declined. Thats why pps is down.
Win - I have followed chad's posts. He made the right call. Short oil was the trade of a lifetime in 2014. He's still chuckling about it, good for him. But I would be surprised if he hasn't covered.
Funny, but I go from owning KOG to owning WLL to owning XOM or some other major in less than a year. It'll happen. The assets are tremendous and the debt is manageable.
That is all BS. First of all, I don't know of a single shale company that doesn't have multiple banks behind its credit facilities. And these banks have been increasing not decreasing their lines in recent weeks. You even have financial companies like Blackrock coming into the market and partnering with Linn Energy with billions to spend on development and acquisitions - and that's one of the most leveraged of the shales. WHiting's CEO says they are profitable at 20-30 dollar oil. Your guy is talking his short.
Credit facilities continue to be expanded for the shale companies. As long as that continues, it's the sucker money leaving the sector. And in fact, now is a great time to pick up some of those bonds.
Read that as well. Not sure what you mean by protections, but they instituted some better extended payment and benefits options in the event of a buyout.
Your prediction reminds me of some of the posters back in 2008 who were placing S&P500 orders at the 500 level and sure it was going to go there. So be careful on how long you wait to cover.
It will bee too late by the time they report. Just keep your eyes on oil. If we hit 40 we go lower. Avetage in if you're buying long. Take smaller scalps if you're trading.
At some point, people will start paying a premium for secure oil supplies from countries like the US and Canada.
Time to buy is now. My wife says so and she's the most conservative investor you'll ever meet. She mentions stocks maybe once or twice a year, always at the right time.