💥The Bankruptcy Gods Awaken💥

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

Dec 06, 2020

∙ Paid

👍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…

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