Excerpts from Energy Shares Decline Faster than Oil Prices
WSJ Today
Horrific, terrible, abysmal, the worst
Growing consensus that the exploration and production business model just won’t ever work for investor in a $50-$5 a barrel world
“I expect there will be a number of insolvent companies looking for help in six months”
“It’s under siege, almost, it’s tough to go in with conviction.”