there is also some evidence that certain banks are withdrawing from O&G credit - see announc's from BNP Pabribas ....and a couple in texas / ohklahoma ....
there was also a piece I read - where on of the US Fed member banks was "asking" big banks to go easy on Reserve Based Lending to O&G (as obviously it would trigger liquidation events, and also derivatives in the oil/gas mrk's).....
in my experience - 60-65% of PDP is around the max that banks will lend (RBL) .....sometimes they will provide credit lines for PDNP, and occasionally PUD (max 50% ....but must be replaced by equity once moved to pdp category)....
are the bonds of LNR quaoted anyweher ????
rgds
V_H
SSN Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
