Except the US domestic oil industry is diving into bankruptcy

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Feb 11, 2016
1:14:32pm

Busiturtle All-American

Except the US domestic oil industry is diving into bankruptcy

And no one knows yet the ramifications of the defaults and hedges. Worth nibbling, but expect a lot of volatility.

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Busiturtle

Previous username: danwut
Bio page: Busiturtle
Joined: Nov 29, 2001
Last login: Jan 4, 2023
Total posts: 56,347 (2,185 FO)

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Messages

Author

Time

This market has moved financial stocks to a very attractive level IMO.

2/11/16 1:09pm

Except the US domestic oil industry is diving into bankruptcy

Busiturtle

2/11/16 1:14pm

Which only represents about 2% of the economic progress of late

Cougarclaw

2/11/16 1:18pm

Forward earnings are kind of a load of crap

QuickCoug

2/11/16 1:14pm

I agree with you on reserves. No doubt that banks have emptied those over the

2/11/16 1:26pm

Problem is that markets move on perception and if people think it's bad

Jersey hunter

2/11/16 1:44pm

I'm comfortable with my inverse positions.....for now.

byubyu

2/11/16 1:30pm

Still one of the most vulnerable sectors, especially if Euro banks keep tanking

Jersey hunter

2/11/16 1:42pm

Housing will get likely get hit as well...some markets are back to their 2008 #s

Nat Gas Man

2/11/16 2:33pm

Some of banking stock action makes you wonder what kind of exposure they have

MatthiasG

2/13/16 12:35pm

JPM has huge exposure to derivatives market that is unwinding.

lyrok

2/11/16 2:03pm

The concern is their exposure to oil and loans

I'mBatman

2/11/16 2:49pm

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