Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Thursday, October 29, 2015

Day Of Reckoning For U.S. Shale Will Have To Wait

Day Of Reckoning For U.S. Shale Will Have To Wait
London, UK (SPX) Oct 28, 2015 - October has been billed as a pivotal month in which indebted shale companies would see their credit lines cut, precipitating a faster consolidation in the industry that would sow the seeds of a rebound. But banks appear to be taking a more lenient approach than expected. A new Jeffries report says that only $450 million in borrowing bases have been cut, across more than 20 companies. That ... morehttp://www.oilgasdaily.com/reports/Day_Of_Reckoning_For_U_S__Shale_Will_Have_To_Wait_999.html

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