Struggling Houston-based energy co. faces potential September default

Houston-based Alta Mesa Resources Inc. (Nasdaq: AMR) raised doubts about its own ability to continue as viable company in its most recent annual report.

The company’s heavy debt load and unhelpful oil and gas prices are making it challenging for the company to stay on the right side of the rules surrounding its loan agreements, according to the report, which Alta Mesa filed with the U.S. Securities and Exchange Commission on Aug. 27. Unless the company can close a deleveraging transaction, it…


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