A Glimpse Of Things To Come: Canadian Oil Company Liquidates Hours After Bank Demands Repayment
by Tyler Durden
ZeroHedge.com
03/22/2016
Slowly but surely Canadian oil and gas failures are starting to become a daily reality; failures such as that of Canadian junior oil and gas producer Terra Energy Corp which yesterday said it shut down production, ceased operations and announced the resignation of directors and officers on Monday, after its lender, Canadian Western Bank, demanded full repayment of its debt.
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