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Latin America’s largest privately owned oil producer is preparing to file for bankruptcy-court protection
Wednesday, April 20, 2016 8:18
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Pacific’s restructuring would mark reversal of fortune for company that once stood at vanguard of continent’s oil boom
BOGOTÁ, Colombia—Latin America’s largest privately owned oil producer said it was preparing to file for bankruptcy-court protection after reaching a tentative restructuring deal Monday that leaves shareholders with cents on the dollar.
The deal would cap a humbling turn of events for Pacific Exploration & Production Corp., which once stood at the vanguard of South America’s oil boom. At its peak earlier this decade, Pacific was …. http://www.wsj.com
Source: http://luismmx.blogspot.com/2016/04/latin-americas-largest-privately-owned.html
