Welcome to the latest edition of the Energy Recap. This week, SunEdison (OTCPK:SUNEQ) said that it agreed to "terms for a $1.3B debtor-in-possession operating loan," several share offerings in the energy space were reported, and there was more sabotage by The Niger Delta Avengers group on Nigeria's oil infrastructure.
Energy Articles of Note
"How The Natural Gas Glut Will End" By Robert Boslego
"Phillips 66 Partners: The Flip-Side To 30% Distribution Growth" By Michael Fitzsimmons (Please note that a Pro subscription is required to read the full article.)
Energy Sector Bankruptcies for the Week Ended June 10, 2016
Here's a list of the most recent bankruptcy announcements in the energy sector:
- Hercules Offshore (NASDAQ:HERO) filed for Chapter 11 bankruptcy protection on Monday, June 6.
- Seventy Seven Energy (NYSEMKT:SSE) filed for Chapter 11 bankruptcy on Tuesday, June 7.
Feel free to add any that we might have missed in the comments section below.
U.S. Oil Rig Count as of June 10, 2016
As per Baker Hughes, the number of active U.S. oil drilling rigs increased again this week.
Readers, now it's your turn to discuss what's been happening in this sector. Please share your thoughts in the comments below.
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