There are rumors of banks being told not to mark energy loans to market on their books. Means things are a lot worse than expected in the entire sector. Go ahead, call me names and say I am this and that without doing your own research. But mark this post in your head. What you say on this post or what I say on this post doesn't move the needle. There are bigger things in play. Billions of dollars tied up in the banking system that's at the risk of getting marked down and endangering Tier 1 capital. That's what matters. Not anything you fools or I say on this post. That phone call from MUFG and Wells Fargo saying their revolver is being pulled or tightened is what keeps CEOs up at night.
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Could happen. Would be bad for some companies. I don't think CHK is even using their revolver are they?
The Office Of The Comptroller of the Currency (the Government's national bank watchdog) had an oil and gas lending forum in New York during the first week of the year. The regulators are ready to pull the trigger on a lot of these O&G loans. Watch for it.
That is a strange response. He must still be drunk
What ?? That sentence makes no sense.
Do you don't care, or what do you want to do is lost two more months, that's it