$550 Billion Energy Junk Bond Bubble Busts; "Whac-A-Mole" Distortions in Multiple Markets
MishTalk
DECEMBER 11, 2014
Energy production is extremely capital intense, and often accompanied by negative free cash flow. Energy investment added to GDP since 2010, with $550 billion in bond and loan offerings. EXXI), an oil and gas explorer, which has raised more than $2 billion in the bond market in the past four years. They yield 27.7
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