Commodity Trade Mantra

Posts Tagged ‘Oil and Gas Companies’

Commodity Markets In Distress As Oil Rout Continues

On the whole, 62 US oil and gas companies own $235 billion of debt, and at least 10% of that is at a distressed level. JPMorgan has set aside $140 million for potential write-downs in the coming months, with other banks doing the same. Everything is looking rather ominous. While oil producers get pummelled, miners get mauled.

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