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Whiting Petroleum Files For Prepackaged Bankruptcy

Whiting Petroleum Files For Prepackaged Bankruptcy Talk about a coincidence: just as we were discussing why April would be “apocalyptic” for the oil industry, as Saudi Arabia just unleashed an unprecedented record amount of oil to buyers in a scramble to put its high-priced competitors out of business, warning that “countless oil producers would file […]

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SHALE STOCK LOSES 99% OF ITS VALUE: Investor Warning For The Future Of The Industry?

SHALE STOCK LOSES 99% OF ITS VALUE: Investor Warning For The Future Of The Industry? If you think the carnage taking place in the shale oil companies is nearly over, you couldn’t be more wrong.  I believe the bloodbath in the shale oil stocks has only just begun.  Once we see the majority of shale […]

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The Liquidity Endgame Begins: Whiting’s Revolver Cut By $1.2 Billion As Banks Start Slashing Credit Lines

The Liquidity Endgame Begins: Whiting’s Revolver Cut By $1.2 Billion As Banks Start Slashing Credit Lines Earlier today we reminded readers about the circular (and why note fraudulent conveyance) scheme hatched by JPMorgan to reduce its secured loan exposure to Weatherford, when just two weeks ago none other than JPM underwrote an WFT equity offering in which […]

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How Shale Is Becoming The .COM Bubble Of The 21st Century

How Shale Is Becoming The .COM Bubble Of The 21st Century As I review the financials of one of the largest shale producers in the United States, Whiting Petroleum (WLL), I can’t help but notice the parallels to the .COM era of 1999 which, to some extent, has already returned to the technology and biotech […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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