Posts Tagged
cash-strapped
Bloomberg Business: Reckoning Arrives for Cash-Strapped Oil Firms Amid Bank Squeeze
©2015 Bloomberg News NM3SFD6VDKHV (Bloomberg) — Lenders are preparing to cut the credit lines to a group of junk-rated shale oil companies by as much as 30 percent in the coming days, dealing another blow as they struggle with a slump in crude prices, according to people familiar with the