{"id":45536,"date":"2019-04-21T08:25:27","date_gmt":"2019-04-21T13:25:27","guid":{"rendered":"https:\/\/olduvai.ca\/?p=45536"},"modified":"2019-04-21T09:27:14","modified_gmt":"2019-04-21T14:27:14","slug":"shale-stock-loses-99-of-its-value-investor-warning-for-the-future-of-the-industry","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=45536","title":{"rendered":"SHALE STOCK LOSES 99% OF ITS VALUE: Investor Warning For The Future Of The Industry?"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/srsroccoreport.com\/shale-stock-losses-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?<\/a><\/h3>\n\n\n\n<p>If you think the carnage taking place in the shale oil companies is nearly over, you couldn\u2019t be more wrong.&nbsp; I believe the bloodbath in the shale oil stocks has only just begun.&nbsp; Once we see the majority of shale stocks trading on the pink sheets as penny stocks will we finally close the book on the Greatest Energy Ponzi Scheme in history.<\/p>\n\n\n\n<p>I first wrote about the \u201cDisconnect\u201d between the major oil companies share prices versus the shale stocks in my article,&nbsp;<a href=\"https:\/\/srsroccoreport.com\/the-bloodbath-in-u-s-shale-stocks-continues-worst-is-yet-to-come\/\" target=\"_blank\" rel=\"noreferrer noopener\"><em><strong>THE BLOODBATH IN U.S. SHALE STOCKS CONTINUES: Worst Is Yet To Come<\/strong><\/em><\/a>.&nbsp; In that article, I showed how several of the major oil companies\u2019 stock prices had corrected back close to their highs set in October 2018.&nbsp; However, the shale stocks never really recovered and are still considerably lower than their peaks set last year.<\/p>\n\n\n\n<p>Here is the chart from that article linked above:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/dizgpp7sc1t8t.cloudfront.net\/wp-content\/uploads\/2019\/03\/Major-Oil-Companies-vs-Shale-Stocks-6-Months.png\" alt=\"\" class=\"wp-image-19952\"\/><\/figure>\n\n\n\n<p>Even though many of the shale stocks shown in this chart have seen their prices move higher since I posted it in the middle of March, they are still well off their highs.&nbsp;<strong>For example, Whiting Petroleum peaked at $55 in October and is currently trading at $27.&nbsp; Thus, it is still 50% off its peak last year.&nbsp; Furthermore, Oasis trading at $6.60 is still 53% off its high of $14<\/strong>.<\/p>\n\n\n\n<p>However, there are some outliers like Pioneer.\u00a0 Pioneer hit $190 back in October 2018 and was only trading at $140 in mid-March.\u00a0 So, it was still well off its October peak.\u00a0 Although over the past month, Pioneer is now trading at $175, so it\u2019s not too far from its previous high.\u00a0 \u00a0While Pioneer\u2019s share price is behaving much better than Whiting, Continental, Oasis, and Callon, I believe there is a huge \u201cPERMIAN PREMIUM\u201d being paid by investors who have more money than sense.<\/p>\n\n\n\n<p>&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019t be more wrong.&nbsp; I believe the bloodbath in the shale oil stocks has only just begun.&nbsp; Once we see the majority of shale [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[25680,2942,12073,7893,5089],"class_list":["post-45536","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-pioneer-energy","tag-ponzi","tag-srsrocco-report","tag-us-shale-industry","tag-whiting-petroleum"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45536"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45536\/revisions"}],"predecessor-version":[{"id":45537,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45536\/revisions\/45537"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}