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Neimans has been flirting with this for a long time. Not at all surprising.Nieman Marcus is going to file for bankruptcy as well. I wonder how the junk bond market is going to fare in all of this?
Neimans has been flirting with this for a long time. Not at all surprising.
True, but they’ve been in talks that preceding the pandemic.No doubt but that $4-6 Billion will be interesting to see where it goes. Who was crediting them and what happens to the rest?
West Texas Intermediate crude is negative but the international benchmark is not.How are oil futures trading?
West Texas Intermediate crude is negative but the international benchmark is not.
What this means basically is that every storage tank is full and there is nowhere for the crude to go as it comes up from the ground.
The challenge here is that you don’t just walk over to the well and turn it off like a water faucet. Once a well is shut it is a bit of a process to get it blowing and going again.
LOL. Of course the backstory is a bit different than what we got yesterday from the MSM.You could always buy an expiring contract and have 1,000 barrels delivered to your house!
No it won’t hurt their Boosters. That’s not how it works.What’s funny is how will hurt Texas A&M and there big boosters
Sounds like the feds will be purchasing a lot of it.West Texas Intermediate crude is negative but the international benchmark is not.
What this means basically is that every storage tank is full and there is nowhere for the crude to go as it comes up from the ground.
The challenge here is that you don’t just walk over to the well and turn it off like a water faucet. Once a well is shut it is a bit of a process to get it blowing and going again.
Sounds like the feds will be purchasing a lot of it.
Depends on how many generations we want to pass the debt down to. Or how high we are willing to push the tax ratesAnd possibly bailing out those companies as well. Where IS all of this money coming from? I agree something needs to be done but we can't mortgage to the hilt can we? If we can, how far can we actually go with all of this?
And possibly bailing out those companies as well. Where IS all of this money coming from? I agree something needs to be done but we can't mortgage to the hilt can we? If we can, how far can we actually go with all of this?
If they purchase oil on the cheap and sell later at a higher amount there is profit to be made.
Of that I am certain.
I am talking about his bailing out the oil companies: https://www.cnn.com/2020/04/21/business/negative-oil-prices-trump-bailout/index.html
No it won’t hurt their Boosters. That’s not how it works.
"The American Petroleum Institute, the largest oil and gas lobby, has said it's not seeking a bailout like the one the airline industry received.
However, the industry has said it wants access to emergency lending facilities created by the federal government to help businesses ride out the crisis."
The government will make money lending to smaller oil companies who should be in a good position later on to pay it back with interest. I'm not sure the cruise industry will be anything but a debt the taxpayer ends up paying for. The airline industry is a definite need none of us would want to do without.