https://www.macroaxis.com/invest/ratio/COP--Probability-Of-Bankruptcy
The link shares some analysis on the probability of bankruptcy for ConnocoPhillips based on quarterly performance results, ratio analysis and a proprietary multi factor model.
8 replies (most recent on top)
With little drilling, major staff reductions, and declining fields, production will drop. If the price of oil does not recover COP's credit ratings can be slashed and the $30+ billion of loans can be called in. This is the scenario that can lead to COP's bankruptcy. With $30 billion in debt, and less than $1 billion in quarterly income, the future is not bright. The current management plan seems to be cross your fingers and hope that the price of oil recovers.
... reminds me if Enron abd the promises made to their employees wrt the Enron shareprice and potential for bankruptcy.
You do realize that 38% is not too bad given the current industry status, right?
39% of the time, bankruptcy happens everytime.
... until bankruptcy happens and then the 38% chance is very real indeed.
According to statistics, there is a 100% probability that all car - train accidents will involve automobiles.
I remember my first beer. Also most statistics are made up, just ask the government.
The sky is falling!! This has never happened before and no one has ever seen anything remotely similar in all time! Run for the hills people and stake out a nice cave for yourself because there is no other reality or existence! Fear the fear itself and panic immediately and never stop! Woe is us!