Chris Mayer: 6 U.S. oil companies unlikely to survive the year…

From Chris Mayer, Chief Analyst, Bonner & Partners:

There are six oil stocks that are almost surely toast by the end of 2016…

You can tell by their bond prices.

Bond prices are a clue to financial health. Firms usually issue bonds at face value, or par. But if the company gets in trouble, the market might discount the bonds.

For example, a $100 bond that paid 5% at issue might later sell for $10 if the market thinks the odds of repayment are very low. The firm still pays 5%, or $5. But because the bond trades for $10, it yields 50%.

Scott Fearon is a hedge fund manager and the president of Crown Capital Management. His fund has averaged 11.4% annually since its inception in 1991. And he’s had only one down year. His specialty is short selling, or profiting when a stock falls.

“Once bond yields surpass…



Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!