Spring redeterminations look “modestly improved” for the oil and natural gas market, according to a survey of borrowers and lenders.
Borrowers
Articles from Borrowers
S&P Downgrades Regional Banks Carrying Energy Loans as Oil, NatGas Prices Fail to Strengthen
In yet another sign that lower-for-longer commodity price sentiment has taken hold of the market, Standard & Poor’s Ratings Services (S&P) said Tuesday it downgraded four U.S. regional banks because of their large energy loan portfolios.
Energy Lenders Like U.S. Market Best
The adage may say “never a borrower or a lender be,” but that doesn’t hold true for the energy business. Producers are chasing assets and capital providers are chasing borrowers at a time when most everyone believes gas and oil prices have reached a new deck. For energy industry capital markets these are “unique” times, and the United States is where the bulk of the action is.