> MARGIN CALL! Crude oil prices are approaching the point where banks pull the plug on oil lending.Previous | First | 1 | Last | Next
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VP_Spiro_T_CheneyMARGIN CALL! Crude oil prices are approaching the point where banks pull the plug on oil lending.
WTI is currently at $56.50
Lenders are looking at minimum $55 base case to make new loans and anticipate widespread defaults if it goes <$50.
https://www.hartenergy.com/energy-marke … b-50-wti/?
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Re: MARGIN CALL! Crude oil prices are approaching the point where banks pull the plug on oil lending.
I understand you hate low gas prices but, this actually says the system is working perfectly.
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Re: MARGIN CALL! Crude oil prices are approaching the point where banks pull the plug on oil lending.
During Trump's first term, oil prices actually went negative.
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SamplesBoiRe: MARGIN CALL! Crude oil prices are approaching the point where banks pull the plug on oil lending.
wrote:
During Trump's first term, oil prices actually went negative.
Shyt, I totally forgot about that. Yes, that is true. That was something else. I wish I could have had it delivered into my basement.
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SamplesBoiRe: MARGIN CALL! Crude oil prices are approaching the point where banks pull the plug on oil lending.
Gas is now 2.449 around here.
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Tom LeykisRe: MARGIN CALL! Crude oil prices are approaching the point where banks pull the plug on oil lending.
SamplesBoi wrote:
Gas is now 2.449 around here.
Check in with California. It's NOT going to be pretty next year.
https://www.youtube.com/watch?v=42hA-aSjEcU
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Re: MARGIN CALL! Crude oil prices are approaching the point where banks pull the plug on oil lending.
VP_Spiro_T_Cheney wrote:
WTI is currently at $56.50
Lenders are looking at minimum $55 base case to make new loans and anticipate widespread defaults if it goes <$50.
https://www.hartenergy.com/energy-marke … b-50-wti/?
Isn't this bad for your mid-stream portfolio?
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Re: MARGIN CALL! Crude oil prices are approaching the point where banks pull the plug on oil lending.
$2.24 / gallon here
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Diarrhetrius BrownRe: MARGIN CALL! Crude oil prices are approaching the point where banks pull the plug on oil lending.
$3.79 in Oookland.
In six months that will be $8.59
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Re: MARGIN CALL! Crude oil prices are approaching the point where banks pull the plug on oil lending.
wrote:
Isn't this bad for your mid-stream portfolio?
No. Midstreams are paid on volume, not price. And most of their capacity is leased on “take or pay” contracts.
For producers it’s a cyclical business. With prices down they’re slashing spending, drilling rig counts are down and eventually production will fall to the point where prices jump and they all start making money again, drilling will pick up leading to a surge in supply… rinse and repeat.
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