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Friday, August 28, 2015 6:56:49 PM
While praising recent cost cuts, CGG’s balance sheet "is a bigger concern than ever,” and "liquidity could finally become a problem if conditions do not improve," the firm says.
CGG may have to raise $300M-$500M of equity, BNP says.
Purely My Own Opinion. Do Your Own Due Diligence.
“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty
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