Tag: banks
Alberta banks weather oil patch downturn much better than expected
“After banks and investors are satisfied, they might have some revenue to start hiring people.” – Mark Salkeld, PSAC The past two years have been rough for Alberta, with oil prices in the tank and oil patch capital investment down by more than two-thirds. But for provincial financial institutions, the situation has been manageable. Not […]
New filings propel US energy high yield bond default rate to record 13% – Fitch
Low market trading prices on the bonds portend poor recoveries for unsecured creditors on default NEW YORK – Two oil and gas producer defaults have propelled the energy high-yield default rate to a record 13 per cent, surpassing the 9.7 per cent mark set in 1999, according to Fitch Ratings. Ultra Petroleum Corp. and Midstate […]
Connect
Connect with us on the following social media platforms.