Small oil-and-gas companies get cold shoulder from large banks

Small oil-and-gas companies get cold shoulder from large banks Major banks including JPMorgan Chase , Wells Fargo , and Royal Bank of Canada have, as part of regular biannual reviews, cut their estimated values for oil-and-gas companies#39; reserves, which serve as the basis for those companies to receive reserve-based loans (RBLs), according to more than a dozen sources familiar with the activity.

from Moneycontrol World News https://ift.tt/2Wi1dp8
Small oil-and-gas companies get cold shoulder from large banks Small oil-and-gas companies get cold shoulder from large banks Reviewed by VidhanSabha on October 28, 2019 Rating: 5

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