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

Link: http://www.bloomberg.com/news/articles/2016-04-12/oil-drillers-feel-the-pain-as-banks-slash-their-credit-lines

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?