$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. But it''s exceptionally rare to see anyone in mainstream media point the finger in the right direction. CJES), postponed financings this month as sentiment soured. Junk bonds of Energy XXI Ltd. cents since September.
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