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Gold/Mining/Energy : Shale Natural Gas, Oil and NGLs and ESA
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From: isopatch2/8/2016 10:37:08 AM
1 Recommendation

Recommended By
Glenn Petersen

   of 6160
 
Company debt levels determining who lives and who dies in the current energy bust:

<Chesapeake Plummets Over 20% On Report It Has Hired Bankruptcy Attorneys>

zerohedge.com

Importance of keeping a close watch on company balance sheets, AWA other financials, in the secular debt deflation that began in 2008 is being made abundantly clear as it's becoming obvious to everyone the "second smash" (AKA second broad economic cyclical downturn) in the longer secular trend is occurring.

All IMHO, of course. But restructuring my investment strategy beginning in late 2007, per the above and other considerations, has significantly improved portfolio performance vs having continued what I was doing into 2008 when I took my first annual portfolio loss in 20 yrs. Definitely a wake up call! And not a pleasant one.

It suddenly hit me that strategies and tactics that used to work during the long secular inflationary era (all we'd know in our entire lives until '08) not only stopped working in our favor, they began to work against us. First and foremost? Heavy debt leverage in our investments.

Have to log back off.

<Be careful out there>.

Iso
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