OT - OIL The small frackers (e.g., OAS, SN, etc.) have long touted that they have enough lines of credit to make it through almost any circumstances. And they've streamlined their production - focusing on already-drilled wells that produce the least expensive oil, and curtailing new drilling or wells lesss profitable.

But I am beginning to really feel that the Saudi aim of driving them out of business may well succeed. If you look at oil being down approx. 2%, OAS and SN are down another 8-10%, crashing to new 52 week lows. Chevron will survive this price disaster. It would be tempting to make a play on these smaller frackers at these prices (they also sometimes go up 15%/day), but I wouldn't chance it.

Automakers are also being punished badly (e.g. Ford) for poorer outlook, despite plans to goose the dividend significantly.

And the vgs are off substantially today - despite ATVI persuing monetization of franchises by delving into comics, tv, maybe  movies, who knows. I have no line on what and whether vgs are undervalued here. I leave that to more learned brains on the subject.