Beware the Private Equity Drag Along Clause [Gaille Energy Blog Issue 15]
- Posted by scottgaille
- On January 23, 2016
- 0 Comments
- "drag along"
Last year’s tally of bankrupt exploration and production companies stands at 42, with debt defaults of ~$17 billion. Then there are the zombie energy companies that simply assigned their assets to lenders outside of bankruptcy. Who is the likely buyer of all these assets? It’s probably not Big Oil. The majors may not be “distressed,” […]
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