Energy Stocks

[redaddiction]

Originally Posted by "W"

When I started in the gulf in 2000 the oil prices were 28-32 dollars a bbl

Don't see this lasting or really hurting the oil companies that have been racking back billions since oil boom in. 2003 to now

I agree somewhat. But the problem is that since there was a boom the last few years, a bunch of companies went into massive debt borrowing money to drill more wells and rapidly expand. Not it's going to bite them in the azz if they can't make their debt obligations. Smaller companies may get bought out cheap by a bigger company or they may just go bankrupt possibly. The next couple months will be scary for some.