Seems as though any O&G company with near-term bonds due are facing a lot of trouble. Oasis just had its credit facility cut by 50% and so did Borr Drilling even though both serve different parts of the same sector. It remains to be seen how 2H 2020 turns out what with the ongoing COVID spikes and governors run amuck. NY-NJ-CT wants to quarantine travelers from the South while European Commission wants to entirely ban all Americans from traveling there! Weird times we live in.
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