• Energy

Funding Well May Be Running Dry For Frackers

• barrel
• fracking
• investors
• market
• oil and gas
• shale
• Wall Street

According to The Wall Street Journal, fracking companies are seeing their sources of capital on Wall Street dry up as investors are looking elsewhere given that many of the frackers have been operating at a loss for more than a decade.  The lack of capital to keep these companies liquid is forcing them to cut costs and plan for slower growth.  This is particularly true for small companies with lots of debt, but it is also happening to larger companies that are desperately trying to meet earnings targets set by their Wall Street lenders.