Thank you for all of your insights. How important is the debt leveraging that supported much, but not all, of the US oil industry to its recovery going forward?
Debt will kill the companies that have too much of it. The assumption was always that it could be rolled forward. No one imagined a time when there could be zero income to pay the interest.
Art,
The situation reminds me of a spooked box turtle that is ready to poke his nose out but more ready to pull it back in again. I hope things are well with you.
Josh
Thank you for all of your insights. How important is the debt leveraging that supported much, but not all, of the US oil industry to its recovery going forward?
Norm,
Debt will kill the companies that have too much of it. The assumption was always that it could be rolled forward. No one imagined a time when there could be zero income to pay the interest.
Best,
Art
No value v_h
Don’t know what v_h means.
oil is going to $100, h00t h00t !
Sure it is!
Art,
The situation reminds me of a spooked box turtle that is ready to poke his nose out but more ready to pull it back in again. I hope things are well with you.
Josh
Josh,
That’s a good analogy. It’s pretty spooky out there for sure. Things are well and I wish you, Debby and your family all the best.
Art