JAG - Cash-Secured Puts To Sell On Permian Shale Stocks
The oil industry has been getting pummeled for a year now. Many oil stocks are down 50% to 70%. Recency bias is preventing more investors from making a real analysis of the value of these companies.
Have no doubt about it, some oil stock prices will never recover. More oil companies will go bankrupt. Mergers, and takeovers without much premium, will remove others from being publicly traded. The majors are at risk of litigation and struggling with their own weight. A select group of low stock price oil companies will be taken private by management