Energy debt has exploded

PODCAST: Energy 24/7: Shale Debt: Again?

Much of the debt issued by shale operators has been high yield or what is commonly referred to as junk. According to the Wall Street Journal: “Junk bonds have financed the U.S. shale boom, and now the sharp drop in oil prices could lead to a massive wave of defaults on that high-yield debt.” Shale … Continue Reading...