What Energy Bankers Are Really Saying: “We Are Looking To Save Ourselves Now”

Sunday, February 14, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
02/13/2016

Now, while your borrowing base might be upheld, there will be minimum liquidity requirements before capital can be accessed. It is hitting the OFS sector as well. As one banker put it, “we are looking to save ourselves now,” with banks selling company debt for as low as $0.10 on the dollar on companies that only had a 50-75% borrow rates to start.”

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