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home / news releases / SCO - Things Are Not Well In The Oil Patch


SCO - Things Are Not Well In The Oil Patch

  • Oil prices have, once again, dropped below $40.00 a barrel, as the demand for oil and gas continues to wane and the supply of oil is being maintained.
  • Given this economic scene, the years and years of debt accumulation on the part of firms within the industry is catching up and bankruptcies are accelerating.
  • There are few choices for these "zombie" companies, because consolidation in the industry cannot really take place until balance sheets are cleaned up.

For further details see:

Things Are Not Well In The Oil Patch
Stock Information

Company Name: ProShares UltraShort Bloomberg Crude Oil
Stock Symbol: SCO
Market: NYSE

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