Corporate Debt

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Six-year-low oil prices, excess supply and debt woes among U.S. producers will change the oil and gas industry, but in no certain, or short, order. To paint a clear picture of what the oil and gas industry will look like by the end of 2015 would be an exercise in futility. The only thing we… Keep reading →

Fracking In California Under Spotlight As Some Local Municipalities Issue Bans

Unconventional oil and gas operators that is. Bloomberg research indicates numerous companies operating in various US shale plays are severely overleveraged, with interest expenses making up significant double-digit percentages of revenue in many cases. “The list of companies that are financially stressed is considerable,” said Benjamin Dell, managing partner of Kimmeridge Energy, a New York-based… Keep reading →