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Tag: 2020 Oilfield Crash

List of Frac companies in bankruptcy this week

According to wsj BJ Services LLC filed for bankruptcy Monday, attempting to sell parts of the fracking services business and wind down the rest...
oilfield layoffs

Thousands of oil wells have been shut in

Something that was considered unthinkable in the past is now a reality all across the U.S oilpatch. Across theĀ  Permian Basin that is West Texas...

Crude Oil jumps 5%, posting second straight week of gains

Oil prices rose on Friday and were on course for a second consecutive week of gains as U.S. producers rapidly shut crude production and...

seekingalpha.com Really likes Liberty Oilfield Services

LBRT has very low leverage, which is a significant advantage compared to some of the leveraged oilfield services players. However, its low cash flow...

U.S. banks are preparing to start seizing the shale oil assets of companies

U.S. banks are preparing to start seizing the assets of ailing shale oil companies, Reuters reported today. Major U.S. lenders are preparing to become operators...

Mainstream media is just catching on to the harsh reality of oil

https://www.hellenicshippingnews.com/with-world-running-out-of-storage-crude-oil-prices-in-tailspin. Global oil prices continue to be in a tailspin amid nationwide lockdowns to stop the coronavirus (COVID-19) pandemic and a deluge of production from...

Halliburton is looking to Russia for work

Oilfield services firm Halliburton HAL.N and Russia's Gazprom have signed an outline agreement on technological cooperation to construct wells at the Achimov oil formation...

Continental Resources plans to cut rigs and spending in 2020

Continental Resources on Thursday cut its 2020 capital spending budget by 55%, reports said. Continental Resources said it intends to spend about $1.2 billion in...

Massive Crash in American Oil is Approaching

https://www.youtube.com/watch?v=g5vMduPgrRY Even after a 60% plunge so far this year to the lowest since 2003, prices will likely drop further to $20 a barrel or...

Brent crude was up $2.10, or 8%, at $26.98 a barrel

After getting tired of losing Market share to American oil Russia and Saudia Arabie are dumping oil at prices the market hasn't seen the...

Oil drops nearly 10% breaking below $29

U.S. West Texas Intermediate crude dropped $3.03, or 9.5%, to settle at $28.70 per barrel. Earlier in the session, WTI fell to a session...

El-Erian: I’m worried about a sudden stop in the economy

https://www.youtube.com/watch?v=VWC30Gn2slo A sudden stop may also be accompanied by a currency crisis or a banking crisis or both

Warren Buffett talks oil price plunge, his investments that are now at a loss

https://www.youtube.com/watch?v=UR22DrkkLJc Berkshire Hathaway CEO Warren Buffett weighs in on investing in oil after having the worst day since 1991.

When oil prices are this low? Bankruptcies & Mass Layoffs Are Next.

https://www.youtube.com/watch?v=hFQ3K2nG35E Shaia Hosseinzadeh, founder and managing partner of OnyxPoint Global Management, joins 'Fast Money Halftime Report' to discuss the energy market and the risks to...
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