Nov 19th, 2019
Distressed U.S. Oil & Gas Assets: Investor Opportunity or Disaster?
On "Bloomberg Money Undercover", Charlie Beckham, partner at Haynes & Boone, chats with Bloomberg's Lisa Abramowicz. Billionaires are circling the distressed U.S. oil and gas patch, looking to pick up assets on the cheap at a time when the state of the industry is scaring off other investors. Sam Zell has teamed up with Tom Barrack Jr. to buy oil assets in California, Colorado and Texas at fire-sale prices. Dallas Cowboys owner Jerry Jones said his Comstock Resources Inc. is in talks to acquire natural gas assets in Louisiana from struggling Chesapeake Energy Corp. (Source: Bloomberg)







