Shale Stocks Slammed As Crude Cracks Back Below $60

by Tyler Durden
ZeroHedge.com
05/07/2015

But just two days ago everything was awesome after the biggest inventory draw since 2014: Einhorn didn’t know what he was talking about, the energy sector’s 28x Fwd P/E was ‘fine’ and oil prices were on their way back to levels that save the US Shale industry… now, not so much…

The Rest…HERE

This entry was posted on Thursday, May 7th, 2015 at 10:47 am and is filed under Economics, Oil. You can follow any responses to this entry through the RSS 2.0 feed.