GS: Expect More Oil Patch Bankruptcies

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Rupert Hargreaves
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Oil Patch Bankruptcies - As ValueWalk reported last month, the number of companies filing for bankruptcy protection in the North American oil patch picked up steam at the end of the first quarter, ahead of spring borrowing base redeterminations. Then life got even harder for North American E&Ps during the second quarter as banks cut borrowing bases and capital markets remain closed to companies.

Oil Patch Bankruptcies Are Just Getting Started

According to law firm Haynes and Boone LP’s May Oil Patch Bankruptcy Monitor, which ValueWalk has followed closely since its inception last year, during April 18 North American oil and...

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway.Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK.Rupert covers everything value investing for ValueWalk