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.
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