Bloomberg Reporter Takes Aim at Rice Energy, Comes Up Short

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...

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