We’re already beginning to see articles (complete with company names) speculating on which shale drillers will weather the current oil price war between Saudi Arabia and Russia, and which will go under in the next 12 months. It’s like vultures are circling. There’s little doubt some shale companies will not make it. The question becomes, who buys those that go under? We certainly hope it’s not a foreign entity from Russia or Saudi Arabia. That would be insult added to injury.
