US shale oil hitting the skids, page-111

Eshmun,
Thanks your post and the efforts you make to keep us oilers updated.

I like DLS for their low cost conventional oil. It has been marked down repeatedly as have others.

The trouble with oil stocks is that we are going to be in for a long ride. This week PIONEER ( one of the big shale oil boys ) got a massive $1.4 BILLION advance from their bankers. Everyone seems to think they can just wait.  Unfortunately the Saudi's will wait longer.  Be it 2016 -2017..... or later. The Wells Fargo 's of the world will be dead meat. Just like Lehman Bros years ago. The Saudi's are going to tip the USA into a recession with a Junk Bond crisis. The Fed has already approached the banks and told them to cool things, and avoid bankruptcies by asset sales. There is panic in the streets.

We all just need to hunker down.  2016 is going to be a blood year.

The Saudi's are stepping into dangerous territory. Their war with Yemen could be their undoing.