California Resources Corporation Buys Some Additional Time With Another Forbearance, But Bankruptcy Looms

Another deadline and another forbearance extension for California Resources Corporation (CRC). For at least the third time over the past month the California based oil producer (and OXY spinoff) was able to buy some additional time from its lenders on its missed interest payments. The new deadline is now July 12th…a mere four days later. The forbearance periods… Read More »