💥The Bankruptcy Gods Awaken💥

A pair of coal bankruptcies, Seadrill & Transocean, Revlon & $FRAN

👍Winners & Losers of the Week 👎

Winners

1. Oil. A rare victory this week as OPEC+ struck a deal and prices lifted higher. Rig counts and frac spreads both increased. The amount of horizontal oil rigs increased by 8 (primarily in the Permian) and now sit 73 higher than the August low. On the flip side, the amount of abandoned wells that pose environment…