Five years ago it was Brazil's biggest initial public offering, today it's at risk of defaulting on its debt. Is billionaire Eike Batista's oil and gas group finally hitting the wall?
Shares of OGX (OGXPY) have lost 90% of their value so far this year, a slump that accelerated this week after the company suspended development at three oil fields in Brazil and warned that its only field currently in production could stop pumping next year. Development work will continue at a fifth …
Millie Salvador flipped this story into Delivery•3922d