Economic Crisis 2016: Oil Companies Go On Auction Blocks, Walmart Laying Off 7000 Employees, Eurozone Set For More Money Printing…
Some small or mid-size players have been forced by their bankers to dump assets. Others have put the entire company on the auction block. Example: RMP Energy, whose core assets are in the Montney area of west-central Alberta.
Through the first six months of 2016, the total enterprise value (equity plus debt) of oilpatch mergers and acquisitions jumped 60 per cent to $15.5 billion. That’s up from $9.7 billion in the first half of 2015, says Sayer Energy Advisors of Calgary.
A prolonged period of weak oil and natural gas prices has pushed many producers to the brink, leaving them with crippled cash flows, impaired balance sheets, mounting asset write-downs, shrinking bank lines and limited access to equity capital.
That has prompted a pickup in distressed asset sales. Few believe the process is over yet, with oil prices backtracking again as the fall shoulder season looms.
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Walmart Laying Off 7000 Employees
Another round of “let’s pretend the economy is good”
If Walmart is laying off thousands, that would indicate that people are really keeping their wallets closed. I think people are giving up. They’re sick of working the butts off and nothing gets better. 18 years of stagnant wages is all people need to know. The manipulated stock market doesn’t communicate more effectively than that. The Fed and the Wall Street dorks are going to have a hard time keeping the circus propped up if people just give up and stop buying anything and stop bothering to go to work. People are waking up to the fact that there is a HUGE blood-sucking leach on their backs and if they can’t knock it off, maybe they can starve it off.
1. Eurozone set for more money printing as inflation stays flat
2. Adviser to Abe Starts to See Risk That Abenomics May Not Do Well
3. Major Banks Launch Plot Against Dollar
4. Shocking Confession From a Dirtbag Banker
5. To Keep their Global Grip on the Economy, Banks Now Charging Customers for SAVING Money
6. Your Retirement Income is at Risk!
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