GS: Expect More Oil Patch BankruptciesRupert Hargreaves
Oil Patch Bankruptcies - As ValueWalk reported last month, the number of companies filing for bankruptcy protection in the North American oil patch picked up steam at the end of the first quarter, ahead of spring borrowing base redeterminations. Then life got even harder for North American E&Ps during the second quarter as banks cut borrowing bases and capital markets remain closed to companies.
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible