U.S. banks prepare to seize energy assets as shale boom goes bust

Debt becomes shareholder capital, nonperforming assets get pruned out and the shale world gets a new lease of life. Because once banks are shareholders, they have little interest to let that asset sink. And if they want to keep it afloat, they will have to put money in. refinancing it this way. To shale, it does not matter. the show must go on.

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