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April's credit-line reset looms for cash-short US oil drillers

Wednesday, January 21, 2015 - 05:50

New York

OIL and gas companies have April circled on their calendars.

That's when their lenders will recalculate the value of properties that energy companies staked as loan collateral. With those assets in decline along with oil prices, banks are preparing to cut the amount they'

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