Chesapeake Energy, a pioneer of the American shale revolution, declared bankruptcy on Sunday, the biggest US producer to have succumbed in an oil-price crash that is ravaging the country’s energy sector. After skipping interest payments this month, and with bonds maturing this year that were last trading for only about 5 cents on the dollar, a Chapter 11 filing was expected sooner rather than later.
www.ft.com/content/31f35631-7b7d-4fa1-8eef-6255bf18cf88
Trending:
- Rothschilds, Rockefellers, and More Redpills
- Things Are Starting To Get Really Crazy Out There…
- Walmart Reports A Large Number Of Store Closings As Catastrophic Retail Collapse Intensify
- These Economic Numbers Are Staggering
- Hillary Clinton leaked emails reason to get rid of Gadaffi
- ‘Unsafe and ineffective’ Pfizer is going to court!
- 29 DEMS JOIN REPUBLICANS TO BLOCK BIDEN
- The US Dollar World Reserve Status is Officially Over
- FRANCE – Now largely ignored by world media.
- The Entire World Economy Could COMPLETELY COLLAPSE At Any Moment.
Views: 2