The most well documented financial story of the past three months has been the precipitous decline of crude. With no price surge in sight the pressure is mounting for many companies in the industry. “Some of these stocks are down 50, 60 even 90 percent,” says Yahoo Finance contributor and Belpointe chief strategist David Nelson.


One of those stocks, Goodrich Petroleum (GDP) is down another 9.5% today and a whopping 86% since the June highs. The latest dip came after it announced a plan to explore the sale of its shale assets. In short, shale oil is harder and more expensive to drill and produce than traditional methods. With lower prices squeezing margins it's no wonder they would look to shed that arm of the company.


In his most recent Tumblr post Nelson also points to names like Oasis Petroleum (OAS), shares of which have shed 75% since July. The company is being exposed to many of the same issues.


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