flitched9000 (flitched9000) wrote,
flitched9000
flitched9000

  • Mood:
  • Music:

Воруют все!

  1) Credit investors who lent $11 billion to Chesapeake Energy Corp. are starting to give up on the company, the second-biggest junk-debt issuer in the U.S. energy industry.

Nearly all of the energy producer’s bonds plummeted to their lowest levels ever on Thursday as oil dropped toward a more-than six-year low. Chesapeake notes were the second-most actively traded in the high-yield market, just behind Petrobras Global Finance BV.

One of Chesapeake’s bonds dropped 9 cents on the dollar, while the price of credit-default swaps — used by investors to protect against defaults — rose to the highest ever. The company’s shares sank to a 13-year low.

“We are seeing investors capitulate to the reality of the situation,” said John McClain, a money manager at Diamond Hill Capital Management Inc. in Columbus, Ohio, which oversees $16 billion. “They have a lot of debt, they are burning through cash and their earnings profile is not getting any better. They are trading worse than their credit rating suggests, and there is almost certainly a downgrade coming.”

Gordon Pennoyer, a spokesman for the Oklahoma City-based company, declined to comment.

  2) HOUSTON – A year after Saudi Arabia and its oil cartel decided to keep their oil wells running and let plunging prices correct a global oversupply, the number of bankruptcy cases among North American oil drillers has risen to 37.

And that figure could double next year if crude stays cheap, as at least as many oil companies appear to be on the precipice of running out of cash or are coming up on deadlines to pay off their debt, attorneys at Dallas-based Haynes & Boone said Friday.

Sixteen of the bankrupt companies were based in Texas. Most of them were small, and didn’t play a central role in the nation’s energy surge over the last few years. But together they had $13 billion in debt.
Tags: banksters, c'est la vie, capital flow, coca-cola, competition crusade, energetics, political economy, shale gas, winky gauge, zoonews, ВШЭ заела, вундервафля, их нравы, он таки подкрался, пердячий газ, пиндоз головного мозга, рыло в пуху
Subscribe

Featured Posts from This Journal

  • Воруют

    1) How France loots its former colonies By GPD on November 15, 2015 Грязныя подробностЯ 2) Отсюда 3) МОСКВА, 19 ноя – ПРАЙМ.…

  • Воруют все!

    1) Абассака! Amercian Pie mis Thinker таки предлагает укокошить молодуху-процентщицу: “Europe lost her preeminence and her empires,…

  • Воруют все!

    . Росстата от 8 сентября, численность россиян с доходами ниже прожиточного минимума увеличилась q2y15 на 2,7 млн. чел. до 20,1 млн. чел. В…

promo flitched9000 april 27, 2013 20:19 5
Buy for 10 tokens
ПредуведомлениеLibero™: цените каждое обкакивание! Moment™: цените каждый момент! Напоминание «Я смотрю на себя, как на ребёнка, который, играя на морском берегу, нашел несколько камешков поглаже и раковин попестрее, чем удавалось другим, в то время как неизмеримый океан истины…
  • Post a new comment

    Error

    Anonymous comments are disabled in this journal

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

  • 0 comments