IHS INC stated that estimately 150 oil companies are in state of bankrupt. This is much caused by the rough markdown of oil around 70% which is couple double than last year.
According IHS economy consultant, the significant increasing of oil supply from usa and oil producer countries (OPEC) gives great impact to the weakening oil prices throughout the world. The constinous phenomenon might lead to the acquistion of the oil company fo efficiency yet until now there is no such hint of term agreement due to unconsesus deal price between buyer and seller.
The rough markdown of oil prices makes the investor wait the right timing until the oil price returns to stability. The investor will probably have to wait up to six month to gain again trust of investment.
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