Energy Companies Face “Come-To-Jesus” Point As Bankruptcies Loom
by Tyler Durden
ZeroHedge.com
07/26/2015
“I don’t know if you’ll get the same slack in October as in April, absent a turnaround in the market price for oil. It’s going to be that ‘come-to-Jesus’ point in time where it’s about how much longer can they let it play. If the banks get too aggressive, they’re going to hurt the value for themselves and their ability to exit. So they’re playing a balancing act.”
The Rest…HERE
