A dispassionate, “unbiased” reporterette from Bloomberg, Asjylyn Loder, does everything but swing an ax at Marcellus and Utica Shale driller Rice Energy with a new hit piece that tries to paint Rice as a horrible company to invest in. She takes aim at trying to sink Rice with an article on the Bloomberg wire by saying it’s financially unsound–even though Rice is ultimately backed by billionaire founder Dan Rice. Apparently what set off Ms. Loder was that Rice was able to raise $950 million over three days in April ($150 million more than they were looking for) by floating bonds. What seems to really gall her is that they got the money at a relatively low interest rate. Loder calls them junk bonds and hints Rice will never be able to pay them back.
Nice try Ms. Loder, but no cigar for the anti-drilling lady with the big chip on her shoulder…
