Here is an indicator that we're facing the prospect of a stock market crash this year. The recent blip of oil prices may not be high or fast enough to protect all oil and gas producers from bond defaults or bankruptcy.
Earlier this week, Linn Energy LLC (NASDAQ:LINE), the oil and natural gas company based in Houston, Texas, was one step from filing for chapter 11 bankruptcy.
It said that bankruptcy may be unavoidable as the oil and gas producer missed interest payments amid a slump in oil prices. (Source: ".
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Earlier this week, Linn Energy LLC (NASDAQ:LINE), the oil and natural gas company based in Houston, Texas, was one step from filing for chapter 11 bankruptcy.
It said that bankruptcy may be unavoidable as the oil and gas producer missed interest payments amid a slump in oil prices. (Source: ".
Den vollständigen Artikel lesen ...