There are lots of financially stressed oil and gas producers out there today, but few are currently worse off than Quicksilver Resources (NYSE: KWK). Sure, companies like Magnum Hunter Resources (NYSE: MHR) are making some odd moves considering it's lack of capital to develop its American assets, but at least the company has enough money coming in the door to cover its interest expenses. That is something that Quicksilver resources cannot proclaim right now.
Qucksilver Resources does have an ace up its sleeve, though, and that is the massive potential of its Horn River gas assets. Problem is, though, it needs help to make it happen. Find out why this gas field is so important to the future of Quicksilver, what it needs to make it possible, and how long it has before its debt load could become too much by tuning into the video below.
