Who the heck bought those shares? Robinhood traders? And who placed this press release and cashed in on it?
The bankruptcy epicenter is in Texas.
“There’s a lot of extend, amend, and pretend with respect to finance documentation. But at some point the music will stop.”
No “V-shaped recovery back to normal.”
What took them so long? And while they’re at it, they should also investigate US Natural Gas Fund UNG.
It started in mid-February for jet fuel and in mid-March for gasoline.
While everyone is watching the meltdown in the crude oil market, the global market for natural gas is also cratering.
The US Energy Information Agency (EIA) dissects the historic event.
“With such rapid decline in fracking already visible, very little activity will be happening in the oil basins during the remainder of Q2.
Meanwhile this is a moment for historic reflection and head-shaking.