Watters

S&P: Sky is NOT Falling; U.S. 2015 E&P Liquidity ‘Adequate’ on Hedging, Capex Cuts

S&P: Sky is NOT Falling; U.S. 2015 E&P Liquidity ‘Adequate’ on Hedging, Capex Cuts

Prescient planning by some U.S. explorers should enable many of them to keep their heads above water this year, but if oil prices don’t rebound by 2016, liquidity issues will surface, according to Standard & Poor’s Ratings Services (S&P).

January 22, 2015