Dogged by everything from bloated costs to corruption.
Oops, the rot runs even deeper than Muddy Waters could have imagined.
Shares of shale oil drillers collapsed by 25%-50% today. Their bonds got massacred. Saudi-Russia price-war strategy appears successful in wiping out investors in the US shale-oil sector.
https://wolfstreet.com/2020/03/09/great-american-shale-oil-bust-turns-into-massacre/
Throwing good money after bad as a business model.
https://wolfstreet.com/2020/02/22/so-thats-the-end-for-air-italy-and-more-airline-money-pits/
The US and EU slug it out with the United Arab Emirates and Qatar.
https://wolfstreet.com/2018/12/23/global-battle-over-government-subsidies-for-airlines/
Up to 16 nuclear power plants for civilian purposes? Really?
https://wolfstreet.com/2018/11/28/whats-behind-the-us-saudi-nuclear-mega-deal/
Whiff of short-term capitulation. But crude oil fundamentals not promising.
https://wolfstreet.com/2018/11/13/crude-oil-bust-wti-plunges-to-55/
Saudi Arabia appears to have scuttled its plans for the largest IPO ever -- a move that may be explained partly by higher oil prices and partly by more dubious reasons.
https://wolfstreet.com/2018/08/01/was-aramcos-ipo-destined-to-fail/
Why this is Not the Time to Chase Oil Stocks.
https://wolfstreet.com/2016/08/21/twilight-zone-in-oil-not-time-to-buy-oil-stocks/
Oil Soars as Saudi Energy Minister Uses Oldest Trick: Talking his Book.
https://wolfstreet.com/2016/08/13/more-opec-rumors-khalid-al-falih-talking-his-book/