A Glimpse Of Things To Come: Bankrupt Shale Producers “Can’t Give Their Assets Away”
by Tyler Durden
ZeroHedge.com
01/20/2016
The end of America’s oil “miracle” is coming and there’s nothing Wall Street can do to stop it. At this point in the game, no one is going to finance the oil patch’s cash flow deficits and the fundamentals in the oil market are laughably bad. As Bloomberg reports, Wall Street is about to have a serious bout of “indigestion” because recent auctions suggest that “some bankrupt oil and gas drillers can’t give their assets away.”
The Rest…HERE
