Wednesday, December 10, 2014

Some oil and gas firms already in pretty bad shape. Oil price fall starts to weigh on banks.

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Some oil and gas firms already in pretty bad shape http://www.reddit.com/r/Accounting/comments/2opdlv/offer_rescinded_due_to_falling_oil_price_advice/ 
I was offered a first year position at a big o&g firm in Texas last month. Received a call, followed by an email today that my offer was rescinded due to ‘external economic influences’. The problem is that big4 has already recruited for next year, so i really don’t know to do. Any advice would be much appreciated.
http://www.reddit.com/r/Accounting/comments/2opdlv/offer_rescinded_due_to_falling_oil_price_advice/
Fraser Thompson @fraserkthompson
price blues - Banks including Barclays and Wells Fargo facing heavy losses on $850m loan to 2 oil and gas firms http://www.ft.com/cms/s/0/c9f4e9e8-757c-11e4-b1bf-00144feabdc0.html?siteedition=intl#axzz3KEEYKwH3 

Oil price fall starts to weigh on banks
Banks including Barclays and Wells Fargo are facing potentially heavy losses on an $850m loan made to two oil and gas companies, in a sign of how the dramatic slide in the price of oil is beginning to reverberate through the wider economy.
Details of the loan emerged as delegates of Opec, the oil producers’ cartel, gathered in Vienna to address the growing glut in the supply of oil.
http://www.ft.com/intl/cms/s/0/c9f4e9e8-757c-11e4-b1bf-00144feabdc0.html#axzz3LOumn7Rd

Read more at http://investmentwatchblog.com/some-oil-and-gas-firms-already-in-pretty-bad-shape/#okmqP1DbEHlK3uU5.99

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