On February 21, Crain’s Cleveland Business quoted Glenn Morrical in its article, “As Oil Prices Sink, Lenders’ Concern Rises.” Thus far, banks have been creative and flexible in their oil and gas company loan repayment policies, but as oil prices drop, lenders are growing more nervous.

“It’s very likely banks will be more conservative going forward with respect to lending affected by this industry,” Glenn commented, adding that this applies not only to reserves-based lending, “but any business largely dependent on the oil and gas industry will be affected by the swings in commodity prices.”

Read the article here.