135 oil companies are on edge of bankruptcy. So why is that good news?

First, the bad news: At least 135 oil and gas companies are still in deep trouble, according to Debtwire Analytics, a New York company that studies debt and predicts coming bankruptcies and restructuring.

Now, for some good news: Sure, a lot of the companies on Debtwire’s tracker are going to wind up in bankruptcy. But that list is already shorter than it was in January, when it stood at more than 180.

http://fuelfix.com/blog/2016/09/12/135-oil-companies-are-on-the-edge-of-bankruptcy-so-why-is-that-good-news/