Description: Chesapeake Energy Corp., the deeply indebted shale producer, said this week that it can hang on to its $4 billion bank line as long as it posts just about everything it owns as collateral.
Source: Bloomberg.com – video report
Date: Apr 13, 2016
Questions for discussion:
- What does the report say about this industry and the exposure of the banks involved?
- How do you think the industry problems will play out?