Energy Sector’s Junk-Bond Pain Spreads

Energy Sector’s Junk-Bond Pain Spreads WSJ 12/9/15

“Losses in the energy sector’s junk-bond market are spreading beyond oil-and-gas producers amid a prolonged slump in commodity prices, further rattling investors who are now preparing for a wave of defaults next year.”……..

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The race is on, will prices rebound before a number of debt laden companies go bankrupt?

 

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Tom Hohn is a petroleum engineer who has worked in the oil and gas industry for 40+ years. He has endured several booms and busts during that time. In reality, the tough years outnumber the good years, but it is a great industry that has treated him well.
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