Hundreds of Oil Stocks Could Go to Zero…Will You Still Be Owning One of Them?

by Justin Spittler
Casey Research

The largest shale oil bankruptcy in years just happened.

If you own oil stocks, you’ll want to read today’s essay very closely. Because there’s a good chance hundreds more oil companies will go bankrupt soon.

As you probably know, the oil market is a disaster. The price of oil has plunged 75% since 2014. In February, oil hit its lowest level since 2003.

Oil crashed for a simple reason: There’s too much of it.

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