rockdoc123 wrote:how about bankruptcies, haven't there been many for the past few years?
was discussed at great length by Rockman on this forum. Bankruptcy doesn't mean what you think it does. The vast majority of these companies entered into Chapter 11 which gives them time and cash to restructure, refinance or sell their company. In a few cases companies do go under but it is very few in the scale of things. Most exit in a few months time stronger than they were before. This is due to what I pointed out previously they were leveraged and the oil price dropped quickly and unexpectedly catching where suddenly their revenues could not cover debt carrying costs.
So like 90% are not cash flow positive according to rystad, iirc, many are going bankrupt, but you say there are no real financial issues? And this is in an era of artificially low interest debt, allowing for far easier to pay debt than at any other normal time.