Not just producers, all of the support companies too...

Nov 27, 2014
2:17:23pm

Tokolosh

many of our customers are spinning a ton of cash but are doing so with credit. Very easy for a lot of our customers to be insolvent quickly.

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Tokolosh

Bio page: Tokolosh
Joined: Jun 9, 2004
Last login: Apr 18, 2024
Total posts: 60,355 (5,624 FO)

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Messages

Author

Time

OPEC decision could be a major gamechanger in a number of areas. Not saying I

My Soapbox

11/27/14 1:49pm

Forgot US producers some of whom are leveraged significantly and could get

My Soapbox

11/27/14 2:10pm

Not just producers, all of the support companies too...

Tokolosh

11/27/14 2:17pm

Agree, the velocity of this move caught a lot of people flat footed and very few

My Soapbox

11/27/14 2:22pm

believe it or not, this is a fairly well established cycle; oil shocks and gluts

BYUtiful

11/27/14 2:29pm

Oil hit $45/bbl less than 6 years ago

Hinta

11/27/14 2:47pm

I picked it up shortly after your post. The prologue and chapter 1 were...

Tokolosh

11/27/14 5:56pm

Sorry, when I left Tokolosh and I were the only ones at the party. I don't think

My Soapbox

11/27/14 8:07pm

One of my company's major verticles is the oil and gas industry

EEcougar

11/27/14 5:20pm

The Saudis have the cash to weather the storm, others do not.

mudpupper

11/27/14 2:39pm

Then the americans stop drilling as much due to lower prices. Prices rebound

Y'zFan

11/27/14 2:43pm

exactly

mudpupper

11/27/14 2:58pm

Yes, oil is cyclical

AxelDC

11/29/14 4:41pm

Not Exactly

Coug76

11/27/14 5:05pm

RE: Not Exactly

Coug76

11/27/14 5:13pm

Wait, I thought lower prices were an Obama conspiracy to win the election.

Japan Coug

11/27/14 5:06pm

<< Deleted >>

Abe Froman

11/27/14 5:57pm

Do you mean low prices?

Japan Coug

11/27/14 6:51pm

<< Deleted >>

Abe Froman

11/27/14 10:33pm

The oil market is huge and there are a number of factors at play. Anyone who

My Soapbox

11/27/14 8:19pm

Yes, but I've never met anyone who asserts the latter.

Japan Coug

11/27/14 9:24pm

You need to find new friends.

My Soapbox

11/27/14 9:38pm

The domino effect would be global. NYC/London apartment prices would

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