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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (4274)	9/6/2016 1:16:16 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26780

And from January But not every energy company is on the ropes. Some of the strongest ones saw what was coming and hedged the decline in oil prices in the futures markets, essentially buying insurance against $20 oil. Two companies in particular, ConocoPhillips and Pioneer Resources, are planning to expand their production this year. Pioneer's CEO Scott Sheffield told the Wall Street Journal on Monday that his company is still making profits from the company’s most efficient and low cost wells. From: Oil Prices Down, Oil Bankruptcies Up, Industry Safe - The New American www.thenewamerican.com/tech/energy/.../22309-oil-prices-down-oil-bankruptcies-up Jan 12, 2016 - With crude touching $30 a barrel and threatening to drop into the high ... As of last July, nine oil field companies had already gone bankrupt, ... Pioneer's CEO Scott Sheffield told the Wall Street Journal on Monday that his company is still making profits from the company's most efficient and low cost wells.