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I think I might be wrong about a 2020 shakeout

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(edited)

My analysis lead me to project a shake out and consolidation in the US shale industry sometime in the 2020 .  While I thought there was a genuine chance of this happening I have second thoughts now. . . . . . . . . . . . . . . . . . . 

I now think it could happen Q4 THIS YEAR and at the very latest 2020.

The banks review their commercial loans and bond issuers to the shale industry twice a year. Mostly April and October.   The Shale operators have very strict covenants written into their loan/bond agreements.  Looks like getting harder and harder to comply with covenants.  

Shalemegedan Q4 ?

OTHER TOPIC : What's OPECs next desparate move ?

Edited by SKEP
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9 minutes ago, SKEP said:

OTHER TOPIC : What's OPECs next move ?

Hmmm, perhaps OPEC will have a meeting and a press conference and discuss possible cuts to production.  Then cheat on the agreed production cuts.

Just a wild guess...

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(edited)

2 hours ago, Tom Kirkman said:

Hmmm, perhaps OPEC will have a meeting and a press conference and discuss possible cuts to production.  Then cheat on the agreed production cuts.

Just a wild guess...

Either that or claim that the Houthis sent two more drones loaded with explosives over 450 miles across Saudi territory and made a direct hit on two oil pipeline pump stations.

 Then a person claiming to be a Houthi General will call the attack into a Yeman radio station just like last time.

PS the US Military Intelligence tracking confirmed the previous attack did not come from Yeman but came from the North East, the opposite direction. 

Edited by SKEP

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19 hours ago, SKEP said:

Either that or claim that the Houthis sent two more drones loaded with explosives over 450 miles across Saudi territory and made a direct hit on two oil pipeline pump stations.

 Then a person claiming to be a Houthi General will call the attack into a Yeman radio station just like last time.

PS the US Military Intelligence tracking confirmed the previous attack did not come from Yeman but came from the North East, the opposite direction. 

Lets also throw into the mix that MSB will fire missiles into Riyad willynilly just missing the airport.

Bit of Background for you:

Fighting began in 2014 when the Houthi Shia Muslim rebel movement took advantage of the new president's (Hadi) weakness and seized control of northern Saada province. The Houthis went on to take the capital Sanaa, forcing Mr Hadi into exile abroad.

The conflict escalated dramatically in March 2015, when Saudi Arabia and eight other mostly Sunni Arab states - backed by the US, UK, and France - began air strikes against the Houthis, with the declared aim of restoring Mr Hadi's government.

The Saudi-led coalition feared that continued success of the Houthis would give their rival regional power and Shia-majority state, Iran, a foothold in Yemen, Saudi Arabia's southern neighbour. Saudi Arabia says Iran is backing the Houthis with weapons and logistical support - a charge Iran denies.

However the KSA is still being supplied with US and Coalition weapons.

Your constant attacks on the KSA have me running around in circles trying to figure out your contradictory logic, you mix analytics with geopolitics which are very much relevant when deciphering your posts. So we support KSA against Iran when discussing oil sanctions and blockades, but flip flop if it affects the US regional oil play, and believe me if OPEC driven by KSA turn the screw in the wrong direction your dream of world oil domination will bust as flippantly as it boomed.

Your comments at times are like Scud Missiles being launched into Israel from Iraq...

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3 hours ago, James Regan said:

Lets also throw into the mix that MSB will fire missiles into Riyad willynilly just missing the airport.

Bit of Background for you:

Fighting began in 2014 when the Houthi Shia Muslim rebel movement took advantage of the new president's (Hadi) weakness and seized control of northern Saada province. The Houthis went on to take the capital Sanaa, forcing Mr Hadi into exile abroad.

The conflict escalated dramatically in March 2015, when Saudi Arabia and eight other mostly Sunni Arab states - backed by the US, UK, and France - began air strikes against the Houthis, with the declared aim of restoring Mr Hadi's government.

The Saudi-led coalition feared that continued success of the Houthis would give their rival regional power and Shia-majority state, Iran, a foothold in Yemen, Saudi Arabia's southern neighbour. Saudi Arabia says Iran is backing the Houthis with weapons and logistical support - a charge Iran denies.

However the KSA is still being supplied with US and Coalition weapons.

Your constant attacks on the KSA have me running around in circles trying to figure out your contradictory logic, you mix analytics with geopolitics which are very much relevant when deciphering your posts. So we support KSA against Iran when discussing oil sanctions and blockades, but flip flop if it affects the US regional oil play, and believe me if OPEC driven by KSA turn the screw in the wrong direction your dream of world oil domination will bust as flippantly as it boomed.

Your comments at times are like Scud Missiles being launched into Israel from Iraq...

blah, blah, blah, blah.

Come back when you can discuss free market economics with an unbiased open mind.

PS Houthis lob a few Iranian missiles into KSA after Saudi indiscrimanate carpet bombing of tens of thousands of innocent women and children.  

 

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