I still think oil and gas will have a huge drop. I've stayed out so far.
This has happened before (about 25 years ago). Oil operators went bankrupt, oil dropped to $18/barrel (inflation adjusted to about $40/barrel). Oil majors swooped in and cleaned up shop.
I've bought into ARCP and will continue to hold. I believe FBI and DOJ made a settlement with management regarding the fraud settlement (key condition was to forfeit severance and options and leave company). This has also happened before with Salomon brothers in their Treasury bond scandal.
This has happened before (about 25 years ago). Oil operators went bankrupt, oil dropped to $18/barrel (inflation adjusted to about $40/barrel). Oil majors swooped in and cleaned up shop.
I've bought into ARCP and will continue to hold. I believe FBI and DOJ made a settlement with management regarding the fraud settlement (key condition was to forfeit severance and options and leave company). This has also happened before with Salomon brothers in their Treasury bond scandal.
WIA- For most of men, our time being masters of our own fate, kings in our own castles is short. Even those of us in the game will eventually succumb to ease of servitude rather than deal with the malaise of solitude