GREY:PEYTF - Post by User
Post by
twinjetton Nov 13, 2015 1:13pm
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Post# 24289329
Prime example of buying gas properties at the wrong time
Prime example of buying gas properties at the wrong time Parallel bought there properties with mostly borrowed money and little equity. Leverage works great with prices rising but can and did bankrupt them when prices dropped. This is just the start of many bankrupts to follow for other Canadian oil companies. The Canadian banks will wind up taking big hits before this is over.