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BHP Billiton (BHP) follows BP and Encana and writes down the value of the U.S. shale gas assets...

  • Friday, August 3, 2012, 4:13 AM ET
    BHP Billiton (BHP) follows BP and Encana and writes down the value of the U.S. shale gas assets that it bought last year from Chesapeake by $2.84B, due to low gas prices. BHP also takes a charge of $450M on the value of its Australian nickel assets for a combined writedown of $3.29B. Significantly, BHP leaves the value of U.S. shale oil and gas assets bought from Petrohawk unchanged. (PR)
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This news story has 3 comments:

  •  
    De-leveraging at work. Where's that inflation again?
    3 Aug 2012, 07:40 AM Reply Like
  •  
    I think you meant deflation, not de-leveraging.
    3 Aug 2012, 01:44 PM Reply Like
  •  
    I don't think we have deflation, especially not in energy prices, but de-leveraging results from repricing down assets. This is such a case.
    3 Aug 2012, 01:54 PM Reply Like
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