Oil and gas companies will be slashing spending on new exploration and cutting dividends, but concerns about energy bonds may be overstated, at least in 2020.
Analysts at Standard & Poor's say that bond defaults this year are the same as last year, at 20 through March 5, with only two from oil and gas. They expect bond ratings to weaken as more companies see their credit ratings cut, with 33% of energy sector bonds under review for downgrade, versus an average of 19% historically.
Both S&P and rival Moody's Investor Service expect overall junk bond default rates will remain below the long-term average of 4.1% this year.Most issuers have plenty of steps they can take to conserve cash as crude prices cut into cash flows already stretched by the heavy investment needed rapidly to expand U.S. drilling capacity through hydraulic fracking.owns a stake, said it was cutting its common-stock dividend by 86% to conserve cash.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
What Is Black Seed Oil and Is It Better for You Than Olive Oil?Here’s what the science says about this trendy culinary oil.
続きを読む »
For richer or poorer: coronavirus, cheap oil test climate vowsClimate change commitments by banks, pension funds and asset managers face their...
続きを読む »
Saudi oil company apologizes for dressing migrant worker as human sanitizer dispenser amid coronavirus outbreakSaudi Arabia’s state-run oil company Aramco apologized for dressing a migrant worker as a 'walking sanitizer' dispenser amid the spread of novel coronavirus.
続きを読む »
Opinion | Covid-19 Makes Oil Markets SweatFrom WSJopinion: Russia’s push for lower oil prices gets a boost from the coronavirus demand shock. Can U.S. shale producers survive? asks DanielYergin
続きを読む »
Saudi, UAE economies rocked by plunging oil prices and virusIt's been a turbulent week for Saudi Arabia and the United Arab Emirates, and it's only Wednesday.
続きを読む »
U.S. crude output growth to slow, oil prices to slumpU.S. oil production is expected to grow more slowly in 2020 and drop outright in...
続きを読む »