RE:What are the chances Baytex goes bankrupt? 2016 Oil issue is alot like 1986 ... there are essays on the paralelles essentially oversupply was the issue then and took a long time for that to be resolved. This situation is not a v recovery like 2008 when demand was the issue and oil recovered in a year.
They say the rule of thumb is 1/3 of leverged producers go bankrupt, 1/3 will have major balance sheet damage and will require years to repair post survival, and 1/3 will survive to become stronger afterwards. Nowhere near 33% have gone bankrupt yet; the blood on the streets hasn't peaked yet assuming an OPEC production cut mircle.
The question is what threetile is BTE in?