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Arunima Kumar

Shale drillers squeezed as banks tighten credit after oil crash

01 Jul 2020

Months into one of the worst oil price crashes in history, lenders have tightened the screws on shale producers by wiping away 20% of the credit that has helped fuel the industry's boom.

GRAPHIC-Shale drillers squeezed as banks tighten credit after oil crash

01 Jul 2020

July 1 Months into one of the worst oil price crashes in history, lenders have tightened the screws on shale producers by wiping away 20% of the credit that has helped fuel the industry's boom.

Aurora Cannabis plans more layoffs, facility closures amid industry turmoil

23 Jun 2020

Aurora Cannabis on Tuesday announced a new round of staff reductions and plans to shut five facilities over the next two quarters, as the COVID-19 pandemic pummels the cash-crunched cannabis industry.

Pot producer Canopy Growth's loss bigger than expected

29 May 2020

Canopy Growth Corp , on Friday reported a bigger-than-expected quarterly loss as its recreational cannabis business lost market share due to delayed product launches and the company abandoned a profitability target. Its U.S.-listed and Canadian shares ended down about 21% as the company withdrew its forecast of becoming EBITDA positive by the end of fiscal 2022 due to the coronavirus crisis. | Video

Billionaire Icahn exits Hertz with 'significant' loss after bankruptcy filing

28 May 2020

Billionaire investor Carl Icahn, who was the largest shareholder in Hertz Global Holdings Inc, unloaded his entire stake in the rental car company at a "significant loss" days after it filed for bankruptcy protection.

Coming U.S. shale results will test extent of oil hedges, output cuts

28 Apr 2020

As low crude oil prices leave U.S. producers struggling to eke out profits, investors will focus on production hedges and cost-cuts to determine winners from losers as first quarter earnings roll out in coming days.

More U.S. oil producers slash budgets amid price rout

12 Mar 2020

Devon Energy , Apache Corp and Murphy Oil Corp on Thursday became the latest North American oil producers to slash capital spending and drilling plans as crude prices tumble and pressure on businesses intensifies.

More U.S. oil producers slash budgets amid price rout

12 Mar 2020

Devon Energy, Apache Corp and Murphy Oil Corp on Thursday became the latest North American oil producers to slash capital spending and drilling plans as crude prices tumble and pressure on businesses intensifies.

WRAPUP 2-More U.S. oil producers slash budgets amid price rout

12 Mar 2020

March 12 Devon Energy, Apache Corp and Murphy Oil Corp on Thursday became the latest North American oil producers to slash capital spending and drilling plans as crude prices tumble and pressure on businesses intensifies.

Marathon Oil cuts spending by about 30% as crude prices slump

10 Mar 2020

Marathon Oil Corp said on Tuesday it has scaled back drilling activity and cut spending by at least 30% from a year earlier, as shale producers scramble to shore up cash and reassure investors following a crash in oil prices.

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