Biggest Wave Yet of U.S. Oil Defaults Looms as Bust Intensifies
February 25, 2016 — 3:15 AM CET
In less than a month, the U.S. oil bust could claim two of its biggest victims yet.
Energy XXI Ltd. and SandRidge Energy Inc., oil and gas drillers with a combined $7.6 billion of debt, didn’t pay interest on their bonds last week. They have until the middle of next month to either pay the interest, work out a deal with their creditors or face a default that could tip them into bankruptcy.
If the two companies fail in March, it would be the biggest cluster of oil and gas defaults in a month since energy prices plunged in early 2015..
Quelle: stockcharts.com
Quelle: stockcharts.com
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