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Shale firms' balance sheets raise 'red flags'

First the news of another bubble and now this from The Christian Science monitor: Natural gas shale companies' financial statements don't add up, says Dallas Fed advisory member. Companies have high leverage, little cash, and very low estimates for natural gas extraction, she says. **** csmonitor com/Business/Latest-News-Wires/2011/0628/Natural-gas-Shale-firms-balance-sheets-raise-red-flags?cmpid=addthis_email


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