Aug
11
Investors Have $100 Billion to Spend on Oil Assets No One Else Wants
By-
Buyout firms target soured loans with eye on taking ownership
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Drillers unload assets to stay afloat as cash crunch deepens
The long wait may finally be over.
Since the great crash of oil in mid-2014, more than $100 billion has been raised by buyout firms and distressed-debt funds eager to scoop up energy assets on the cheap. But as the months rolled by, few opportunities cropped up as cash-starved drillers limped along with the help of their bankers…
Investors Have $100 Billion to Spend on Oil Assets No One Else Wants
