RE:RE:RE:Russiabankruptcie will do nothing to production trust me. All those bankrupt companies will file for chapter 11 wiping out their debt and share holder equity. All class A and B shareholders will lose their shares in chapter 11. Then the debt will convert to shares for the creditors and bond holders.
Then the same company will now have ZERO debt be in a much stronger position and continue to operate. hat is why in 2016 threw 2017 all th eUS bankruptcies did nothing but make shale resiliant at the share holders expense.
Trust me hundreds of billion sof debt was taken off the books and those said companies continued to operate in a much stronger fasion. And that is why we still have 13 million barrels a day being produced.
If said companies went bankrupt and actually had to shut the doors we would not be here. Chapter 11 in USA is the biggest scam in the world and it works by fleecing all public traded share holders.