Jan. 16 at 4:54 PM
US oil companies are run by absolute crooks who don't care a hoot about shareholder returns. Chesapeake, Oasis, Callon, CRC, Gulfport, Denbury each worse than the other. Blackrock is right in shorting the entire US upstream sector to zero. It doesn't deserve a single investor dime.
$AMPY,
$GTE,
$KOS,
$REI are hanging by a thread after debt fueled expansions and equity dilutions that decimated their now-worthless stocks. They will all file bankruptcy this year, mark this post.