The repercussions involve some of the other economically weak countries. The domino effect could ruin the EU entity. I think they will not allow the Grexit (resulting in Greece inflation) , but will keep Greece in Grimbo (resulting in further Greece depression). Either way I would not want to live in Greece now.
There is no apparent support for buying LINE. Oil off 2%, LINE off 13%. Crazy eh? Buyers are now made of pure courage, sellers are in panic mode. Sellers think the hedges are worthless, buyers see a way forward but bid lower each time. Sellers are not thinking about the full value of the wells, just the value of today's oil and gas coming out.
~28,000 gross productive wells, not including ~2,640 royalty interest wells. Drilling a well today costs way over a million $. Sellers are not doing any math except for looking at debt service and expecting a lower price of oil/ng. If the stock price was zero then the market thinks each well is only worth $357,142? - for wells that cost 3 to 10 times that to drill? This panic is irrational.
Iranians who profit in the black market are pushing for its parliament not to accept the 'agreement'. Those would rather stay selling on the black market.