This shale oil company is down. It was well foreseen in view of the dramatic oil price drop. And we expect oil price to fall further into 2015 and 2016 down to $20. Then many more shale oil (then natural gas) companies will follow WBH. Moreover, this is just the first step in the "falling domino" sequence. There is an industry oriented to horizontal drilling and chemicals involved. This is the next candidate to suffer. Then many segments of financial sector, which are linked to shale and other oil companies also suffering severe problems with falling oil price, will face "no-return" crisis similar to that during the subprime crisis. I would call the new crisis "sub-shale".
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