The Smartest Guy In The Oil E&P Room?

Wallstreet right now is unwilling to finance new E&P debt because of risk concerns, while E&P companies are also unwilling offer new debt because of leverage concerns, . Both equate to headwinds for the companies that actually escape bankruptcy. As WoodMac put it, "It could take years to right-size some balance sheets....." after the debt gluttony during the oil price bull cycle in the past 15 years or so.   

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Michael Filloon 4 years ago Contributor's comment

Not to say that Einhorn doesn't know what he is talking about, but he did highlight some names that will be around for a very long time. He was right, just incorrect about how big the "fallout" would be. At least he swung for for the fence.