MarketsOil stocks are down by 4.5% on average.
OXY has fallen over 10%. More than VET.
If Russia does not join the cuts, many companies are doomed.
VET with the dividend cut and slight shaving of the CapX should be one of the few survivors of this cut throat competition. Shale will fold up fast at this rate. Russia is using this opprtunity to hurt shale as much they can.