RE:RE:HBOC German Manufacturing PMI: August 2023: 39.1Experienced..... How are you connecting future of shale oil business to "collapse of banking system where all stocks could go down 90%"?
What loan exposure % are you suggesting shale oil companies represent to these banks to potentially cause that much damage?
Seems like they are presently generating $billions of profits as they have improved their technologies by getting out more production from even less drilling and mostly funding their operations from their profits.
If anything they are borrowing less cash these days.
Only ones I see adding debt is if they are buying out another company or large assets.
Almost every energy company I follow has been reporting lower net debt, Qtr after Qtr.
Not following?