Desperate Shale Companies Issue Stock To Stay Afloat

by Tyler Durden
ZeroHedge.com
03/20/2015

U.S. oil producers are issuing new shares of stock at the fastest pace in more than a decade, looking to investors for a cash lifeline to pay down debt and keep drilling as crude prices continue to sink, Bloomberg notes, a move which paradoxically will only serve to depress prices further.

The Rest…HERE

This entry was posted on Friday, March 20th, 2015 at 11:31 am and is filed under Economics, Oil. You can follow any responses to this entry through the RSS 2.0 feed.