Report: Investors in oil and gas companies are about to lose a lot of money

The bill is coming due for all that $100-a-barrel oil from a few years ago, and many investors “are about to lose an enormous amount of money,” reports the Houston Chronicle. The newspaper says shareholders have already seen oil company stock values plummet with the fall of crude prices, and those who loaned money to oil and gas companies are also feeling the pain. A “trifecta” of low equity values, low revenues and devalued assets will force highly indebted companies to default on their debt, sell assets or enter bankruptcy, according to the Chronicle. For more, read the full story.

National