New York
BOND investors who helped finance America's shale boom are facing potential losses of US$8.5 billion as oil prices plummet by the most since the financial crisis.
The US$90 billion of debt issued by junk-rated energy producers in the past three years has fallen almost 10 per cent since crude oil peaked in June. Halcon Resources Corp, Sand- Ridge Energy Inc and Goodrich Petroleum Corp have been among the hardest hit as Opec's refusal to ease a supply glut pushed prices to a five-year low of...
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