Oil and Gas Bankrupcies

[Mangosteen]

Big lesson coming for lots of oil and gas producers.

I remember working for a small company in Alberta that was taken over by Samson back in 2000. Now to my surprise they went bankrupt in 2015.

What is interesting is the cents on the dollar these companies go for.

BZP was a going concern in Peru. Sold for peanuts.

Bottom will not be here for a while yet. We have not even started yet.

http://www.zerohedge.com/news/2016-01-23/energy-creditors-lucky-recover-15-cents-dollar-bankruptcy

[CowichanBay]

Zerohedge is a fantastic site..... Will be interesting to see what lies ahead, Putin hasn't done much lately, I suspect he'll be making some sort of move in the near future.

[^v^Tinda wolf^v^]

I can't believe energy east is being held up by Quebec
Now is the time to build while things are cheap
Someone needs a swift kick in the dress pants to get things moving
Or just get out, period...do your own tings and take your friends wit ya

I don't care for the people I have met from Quebec so far
This sure ain't helping anything