Those big, bad shale oil companies could be big losers
Jun 19, 2015 12:28:35 #
http://www.msn.com/en-us/money/markets/the-shale-industry-could-be-swallowed-by-its-own-debt/ar-AAbO4Qb
The shale oil industry has spent billions of borrowed dollars and the interest is catching up to them. Some have had their stocks & bonds reduced to "junk" status. They may come to be "hoist on their own petard" if oil prices don't rebound. Oil prices they have helped to lower by increasing supply.
The shale oil industry has spent billions of borrowed dollars and the interest is catching up to them. Some have had their stocks & bonds reduced to "junk" status. They may come to be "hoist on their own petard" if oil prices don't rebound. Oil prices they have helped to lower by increasing supply.
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