Default fears amid Stone Energy borrowing base cut
US oil and gas group Stone Energy has seen its credit facility cut from $500 million to $300 million - resulting in a borrowing base deficiency of $175.3 million and raising default fears.
US oil and gas group Stone Energy has seen its credit facility cut from $500 million to $300 million - resulting in a borrowing base deficiency of $175.3 million and raising default fears.