Disruption - people throw this term around a lot. But Hertz's earnings report shows disruption, i.e., the Uber-effect, in quantifiable numbers. Query to what degree hotel earnings are affected by decreased (exorbitant) parking fees lost from decreased rental car bookings.
Takata - the future remains subject to debate as precedent of GM looms large (includes input from Pepper Hamilton's Henry Jaffe, Goodwin Proctor's Bill Weintraub, and Brown Rudnick's Ed Weisfelner).
This was pre-election results:
Fast Forward: Bonanza Creek, Forbes Energy and Nuverra Environmental all face expirations of grace/forbearance periods this week.
Fast Forward II: Dynergy and Illinois Power Generating Co. (Genco) launched an exchange offer for Genco with a prepackaged bankruptcy backstop; FirstEnergy bonds plummeted after acknowledging bankruptcy as an option for subsidiary, FirstEnergy Solutions.
Rewind II: Oklahoma. Two weeks ago we highlighted the effects of the oil and gas downturn on the educational system in Oklahoma. We acknowledged the environmental issues there too. Well, that story keeps evolving as a 5.0 earthquake roiled through Oklahoma this past week. And this chart is interesting:
Chart of the Week: US field production of crude oil increased in 2015 for the 7th consecutive year to 9.42mm barrels/day, the highest crude oil production level since 1972. (Source: U.S. Energy Information Administration).