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<blockquote data-quote="Babagounj" data-source="post: 2052262" data-attributes="member: 12952"><p><a href="http://money.cnn.com/2016/02/11/investing/oil-prices-bankruptcies-spike/index.html" target="_blank">http://money.cnn.com/2016/02/11/investing/oil-prices-bankruptcies-spike/index.html</a></p><p><span style="font-size: 18px"><strong>Bankruptcy filings are flying in the American oil patch.</strong></span></p><p>At least 67 U.S. oil and natural gas companies filed for bankruptcy in 2015, according to consulting firm Gavin/Solmonese.</p><p></p><p>That represents a 379% spike from the previous year when oil prices were substantially higher.</p><p></p><p>With <a href="http://money.cnn.com/2016/02/11/investing/oil-price-crash/index.html?iid=EL" target="_blank">oil prices crashing further</a> in recent weeks, five more energy gas producers succumbed to bankruptcy inthe first five weeks of this year, according to Houston law firm Haynes and Boone.</p><p></p><p>"It looks pretty bad. We fully anticipate it's only going to get worse," said Buddy Clark, a partner at Haynes and Boone and 33-year veteran in the energy finance space</p></blockquote><p></p>
[QUOTE="Babagounj, post: 2052262, member: 12952"] [URL]http://money.cnn.com/2016/02/11/investing/oil-prices-bankruptcies-spike/index.html[/URL] [SIZE=5][B]Bankruptcy filings are flying in the American oil patch.[/B][/SIZE] At least 67 U.S. oil and natural gas companies filed for bankruptcy in 2015, according to consulting firm Gavin/Solmonese. That represents a 379% spike from the previous year when oil prices were substantially higher. With [URL='http://money.cnn.com/2016/02/11/investing/oil-price-crash/index.html?iid=EL']oil prices crashing further[/URL] in recent weeks, five more energy gas producers succumbed to bankruptcy inthe first five weeks of this year, according to Houston law firm Haynes and Boone. "It looks pretty bad. We fully anticipate it's only going to get worse," said Buddy Clark, a partner at Haynes and Boone and 33-year veteran in the energy finance space [/QUOTE]
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