Washington Post

Here's one more economic problem the government's response to the virus has unleashed: zombie firms

Even as it drilled in some of the nation's richest oil and gas basins, Oasis Petroleum came up dry on the bottom line, failing for five straight years to make enough money to cover its annual borrowing costs.

In 2019, a dozen years after it began exploring shale formations in Montana, North Dakota and West Texas, Oasis reported $154 million in operating income - well short of the $176 million it owed in interest on its debt. On Wall Street, the Houston-based company's shares, which traded above $56 in 2014, have spent most of this year hovering around $1...

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