Providence Resources - Hammer the Frackers - With An October date for...

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Hammer the Frackers
09:01 20/08/2015
Spuddy
0 replies 0 0

With An October date for Bank as assesment of credit lines To Frackers drawing closer it Would be Great To see WTI Go down into 30s. As Frackers suitability for loans Is based On asset values with Oil Price at circa 30 the Frackers are banjaxed. Expect to See US output at 9m And falling By Christmas. OPEC likely To cut production 2-3 percent thereafter

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