Sounds like it's going to be a race to see who collapses first: PHI or BRS.
Not to hijack the thread, but with the 500M+ bond maturity for PHI coming due in March, is there any hope they'll make it through a chapter 11? I was reading the company has only 1B in assets possible to sell, no idea where that valuation comes from.
Between the two, things look dark. Maybe the O&G giants will wake up and decide they'd rather *not* put all their suppliers out of business. Maybe I'll find a briefcase of money tomorrow.