update

Penn West: Distribution at Risk

It is hardly news that Penn West will lower it's dividend. We are entering the two year period of absolute maximum pain in this great depression so naturally oil will plummet along with the rest of the market when the bear market bounce on manipulated short squeezing is concluded.

China is going to implode very badly and this will be part of why oil drops, but at the end of the day it will be the complete lack of a world economy that depresses oil prices from here.