iBankCoin
Joined Jan 27, 2008
7,254 Blog Posts

Oil Dumping War

Panic in the oil field. Listen to Scott Sheffield, as his voice begins to crack in panic, explain that there will only be 10 independent companies remaining by the end of 2021. Consolidation in the industry you ask? Not a chance. TOO MUCH DEBT.

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Here are your independent oil and gas stocks that could be in trouble, all levered up with insanely high debt to equity ratios:

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$PXD Pioneer is looking like the winner here with one of the lowest debt to equity ratios in the industry. The stock traded down to $48 at one point last week, and has recovered sharply over the last week. Look to buy bloody day dips here, if you must trade the earl. That said, it’s a oil dumping war. Tread Carefully.

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