U.S. Oil Companies, Heavily in Debt, Further Strained as Prices Collapse
Energy companies were major issuers of junk bonds to finance expansion. But now they are in trouble as capital has dried up and oil prices have cratered.
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U.S. Oil Companies, Heavily in Debt, Further Strained as Prices Collapse
Energy companies were major issuers of junk bonds to finance expansion. But now they are in trouble as capital has dried up and oil prices have cratered.