Despite the uptrend in oil prices in 2015, lots of the small cap companies look headed for bankruptcy. How many of these will survive the coming months if oil holds steady or goes lower? These are all legit companies with real assets, not penny stocks. HK was the guy behind Petrohawk before it was bought out and others.
Market questions viability of small/micro shale companies despite uptick in oil
Started by
viccarter
, May 29 2015 11:36 AM
1 reply to this topic
#2
Posted 29 May 2015 - 11:45 AM
Alot of the upstart pure Permian players are fairing better. You could also add XEC and CXO to this list, but they have been around longer. I think the idea is that these companies have less debt and high quality assets. Also they are prime buyout candidates for larger players.