MANAGEMENT PERSPECTIVE HOW TO AVOID PITFALLS IN FINANCIAL RESTRUCTURING

Jon O'Sullivan Senior Manager Ernst & Young Dallas Natural gas prices have dropped so low that U.S. producers have curtailed production, slashed capital spending, and cut staff to the bone. The outlook for the rest of 1992 and beyond is bleak. Gas futures prices are hovering at about $1/Mcf, and spot prices are not too far ahead of that. More important, many producers have significant debt on their books and either don't have the cash to meet scheduled payments or are not sure whether

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home