If you want to write thank-you letters to all of those who helped make America's Energy boom possible, don't forget to thank the Federal Reserve. By keeping interest rates low, the fed has allowed upstart oil and gas producers like Halcon Resources (NYSE:HK), Magnum Hunter Resources (NYSE:MHR), and EXCO Resources (NYSE:XCO) to take on debt at very reasonable rates. According to St. Louis Federal Reserve President James Bullard, though, this time could be coming to close as he has recently suggested that we should expect a rise in interest rates as the Federal Reserves bond buying program dwindles down even further.
While this may not pose any immediate threat to Halcon, Magnum Hunter, or EXCO, it could have a significant impact on business decisions going forward. Find out where these companies stand financially and how increasing interest rates could impact their future business by tuning into the video below.
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