Hints and tips:
...The committee will be led by Jeffery Stein, a former executive at US oil group Whiting Petroleum, as chief restructuring officer....
...Hertz believes it has roughly 250m unissued shares that it wishes to market through Jefferies, its investment bank....
...As for the E&P stocks, here’s Cowen to say companies such as Whiting and Occidental have the potential to go to zero: We are updating our oil view materially lower to reflect the confluence of weakening...
...Earlier this month, Whiting emerged as a potential candidate for a takeover after it hired bankers to sell itself....
...Then Jefferies, a Sirius hired hand, turn its guns on its employers last week....
...Jitters surrounding US earnings in equities markets spread to commodities, with the benchmark Reuters-Jefferies CRB index falling to an 11-week low....
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