A Glimpse Of Things To Come: Canadian Oil Company Liquidates Hours After Bank Demands Repayment

Tuesday, March 22, 2016
By Paul Martin

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.

The Rest…HERE

This entry was posted on Tuesday, March 22nd, 2016 at 2:33 pm and is filed under Economics, Oil. You can follow any responses to this entry through the RSS 2.0 feed.

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