(Bloomberg) — The bloodbath in the global markets is taking the bonds of some struggling U.S. oil and gas explorers to highly distressed levels as their stock slump accelerates.The coronavirus scare that’s sending markets worldwide on a collective nosedive is adding to growing investor animosity toward a sector that has burned borrowed cash, while failing to deliver on returns.Drillers’ fall from grace has worsened as shareholders increasingly demand they shift their focus to generating cash flow, instead of increasing production at any costs. Now, as bonds collapse, they face the double whammy of upset investors on both sides of capital …read more
Source:: Yahoo Finance
