Friday, 20 November 2015

"Thirty-six North American oil and gas producers filed Chapter 11 bankruptcies this year"

Following up on yesterday's "Chesapeake Is Trading Like A Bankruptcy (CHK)".

WTI $41.84 up 12 cents and more concerning for a lot of these guys, natural gas front futures 2.199
-0.077.

From MoneyBeat:

Oil Producer Bankruptcies Piling Up

It’s been a long year for oil and gas companies.


After trading at an average price of $92.91 a barrel in 2014, the
U.S. oil benchmark has averaged

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