These energy companies have the highest debt and the most at risk as the oil market collapses

[Denizen]

Dopey Donald Trump is clueless as the coronavirus and the Saudi oil price collapse threatens to bankrupt American oil companies and make America a net oil importer again.

It is not only oil companies. Natural gas producers are affected by falling oil prices as well and there are a lot of shiny new production plants and LNG plants which could fold.

The downturn will be magnified by the effect on jobs and the effect on oil industry Suppliers.

Oil sands producers will shut down and most shale oil producers will close their facilities as operating costs will exceed revenues. Oil sands producers require prices of US$ 60 per barrel to make a profit. They were already hurting from current low prices before Saudis broke the price.

There are some big names among those at risk. Apache, Occidental, Nabors. ExxonMobil and Chevron could be at risk from their investments in Kazakhstan which have very high operating costs.

These energy companies have the highest debt and the most at risk as the oil market collapses

Opinion: These energy companies have the highest debt and the most at risk as the oil market collapses

Published: March 11, 2020 at 11:14 a.m. ET
By Philip van Doorn

Expect bankruptcies among highly leveraged U.S. shale-oil producers

Investors shocked at Saudi Arabia’s decision to lower oil prices and increase production sent financial markets reeling. A concern now for the oil and gas industry is which players can survive a prolonged market imbalance.

West Texas crude oil for April delivery US:CL fell as much as 25% to $31.13 a barrel Monday. That action followed Saudi Arabia’s announcement Saturday that after failed negotiations between OPEC and Russia to cut production in an attempt balance supply with reduced demand as the coronavirus spread, it would actually lower its own prices while increasing production.

“Now the question is, what is the Russian response?” said Philip Orlando, chief equity market strategist for Federated Hermes, in an interview. “Do they hold their breath until they turn blue? Or do they say, ‘You have the market weight here, why don’t we sit down to cut and stabilize the market?’ That may be too obvious and rational, so I have no idea how this is going to end up.”

Read:Why an oil price war is wreaking havoc on stocks and global financial markets right now

Highly leveraged energy companies
Banks with heavy exposure to the energy industry may be facing defaults, loan losses and other fallout. Here’s a list of banks with the most exposure as a share of tangible common equity.

But how about the energy borrowers? Starting with the S&P Composite 1500 (made up of the S&P 500 US:SPX, the S&P 400 Mid Cap Index US:MID and the S&P Small Cap 600 Index US:SML ), here are the 20 U.S.-listed oil companies with the highest percentages of long-term debt to equity, according to FactSet, based on their most recent regulatory filings as of March 6:

COMPANY TICKER LONG-TERM DEBT/ EQUITY INDUSTRY
Equitrans Midstream Corp. US:ETRN 90.2% Oil & Gas Pipelines
Tetra Technologies Inc. US:TTI 84.6% Oilfield Services/Equipment
Apache Corp. US:APA 71.8% Integrated Oil
Core Laboratories NV US:CLB 66.1% Oilfield Services/Equipment
Oneok Inc. US:OKE 66.0% Oil & Gas Pipelines
U.S. Silica Holdings Inc. US:SLCA 63.1% Other Metals/Minerals
Archrock Inc. US:AROC 63.1% Oilfield Services/Equipment
Nabors Industries Ltd. US:NBR 62.8% Contract Drilling
Denbury Resources Inc. USNR 60.5% Oil & Gas Production
Gulfport Energy Corp. US:GPOR 59.7% Oil & Gas Production
Consol Energy Inc US:CEIX 58.7% Coal
Laredo Petroleum Inc. US:LPI 58.1% Oil & Gas Production
Halliburton Co. US:HAL 57.7% Oilfield Services/Equipment
Range Resources Corp. US:RRC 57.5% Oil & Gas Production
Williams Companies Inc. US:WMB 56.7% Oil & Gas Pipelines
Exterran Corp. US:EXTN 53.3% Oilfield Services/Equipment
Occidental Petroleum Corp. US:OXY 53.1% Oil & Gas Production
Penn Virginia Corp. USVAC 51.7% Oil & Gas Production
Noble Corp. plc US:NE 50.5% Contract Drilling
Source: FactSet
You can click on the tickers for more about each company.

 

[Mac-7]

Dopey Donald Trump is clueless as the coronavirus and the Saudi oil price collapse threatens to bankrupt American oil companies and make America a net oil importer again.

It is not only oil companies. Natural gas producers are affected by falling oil prices as well and there are a lot of shiny new production plants and LNG plants which could fold.

The downturn will be magnified by the effect on jobs and the effect on oil industry Suppliers.

Oil sands producers will shut down and most shale oil producers will close their facilities as operating costs will exceed revenues. Oil sands producers require prices of US$ 60 per barrel to make a profit. They were already hurting from current low prices before Saudis broke the price.

There are some big names among those at risk. Apache, Occidental, Nabors. ExxonMobil and Chevron could be at risk from their investments in Kazakhstan which have very high operating costs.

These energy companies have the highest debt and the most at risk as the oil market collapses

Opinion: These energy companies have the highest debt and the most at risk as the oil market collapses

Published: March 11, 2020 at 11:14 a.m. ET
By Philip van Doorn

Expect bankruptcies among highly leveraged U.S. shale-oil producers

Investors shocked at Saudi Arabia’s decision to lower oil prices and increase production sent financial markets reeling. A concern now for the oil and gas industry is which players can survive a prolonged market imbalance.

West Texas crude oil for April delivery US:CL fell as much as 25% to $31.13 a barrel Monday. That action followed Saudi Arabia’s announcement Saturday that after failed negotiations between OPEC and Russia to cut production in an attempt balance supply with reduced demand as the coronavirus spread, it would actually lower its own prices while increasing production.

“Now the question is, what is the Russian response?” said Philip Orlando, chief equity market strategist for Federated Hermes, in an interview. “Do they hold their breath until they turn blue? Or do they say, ‘You have the market weight here, why don’t we sit down to cut and stabilize the market?’ That may be too obvious and rational, so I have no idea how this is going to end up.”

Read:Why an oil price war is wreaking havoc on stocks and global financial markets right now

Highly leveraged energy companies
Banks with heavy exposure to the energy industry may be facing defaults, loan losses and other fallout. Here’s a list of banks with the most exposure as a share of tangible common equity.

But how about the energy borrowers? Starting with the S&P Composite 1500 (made up of the S&P 500 US:SPX, the S&P 400 Mid Cap Index US:MID and the S&P Small Cap 600 Index US:SML ), here are the 20 U.S.-listed oil companies with the highest percentages of long-term debt to equity, according to FactSet, based on their most recent regulatory filings as of March 6:

COMPANY TICKER LONG-TERM DEBT/ EQUITY INDUSTRY
Equitrans Midstream Corp. US:ETRN 90.2% Oil & Gas Pipelines
Tetra Technologies Inc. US:TTI 84.6% Oilfield Services/Equipment
Apache Corp. US:APA 71.8% Integrated Oil
Core Laboratories NV US:CLB 66.1% Oilfield Services/Equipment
Oneok Inc. US:OKE 66.0% Oil & Gas Pipelines
U.S. Silica Holdings Inc. US:SLCA 63.1% Other Metals/Minerals
Archrock Inc. US:AROC 63.1% Oilfield Services/Equipment
Nabors Industries Ltd. US:NBR 62.8% Contract Drilling
Denbury Resources Inc. USNR 60.5% Oil & Gas Production
Gulfport Energy Corp. US:GPOR 59.7% Oil & Gas Production
Consol Energy Inc US:CEIX 58.7% Coal
Laredo Petroleum Inc. US:LPI 58.1% Oil & Gas Production
Halliburton Co. US:HAL 57.7% Oilfield Services/Equipment
Range Resources Corp. US:RRC 57.5% Oil & Gas Production
Williams Companies Inc. US:WMB 56.7% Oil & Gas Pipelines
Exterran Corp. US:EXTN 53.3% Oilfield Services/Equipment
Occidental Petroleum Corp. US:OXY 53.1% Oil & Gas Production
Penn Virginia Corp. USVAC 51.7% Oil & Gas Production
Noble Corp. plc US:NE 50.5% Contract Drilling
Source: FactSet
You can click on the tickers for more about each company.

Why are you telling us this?

 

[Aletheia4u]

Dopey Donald Trump is clueless as the coronavirus and the Saudi oil price collapse threatens to bankrupt American oil companies and make America a net oil importer again.

It is not only oil companies. Natural gas producers are affected by falling oil prices as well and there are a lot of shiny new production plants and LNG plants which could fold.

The downturn will be magnified by the effect on jobs and the effect on oil industry Suppliers.

Oil sands producers will shut down and most shale oil producers will close their facilities as operating costs will exceed revenues. Oil sands producers require prices of US$ 60 per barrel to make a profit. They were already hurting from current low prices before Saudis broke the price.

There are some big names among those at risk. Apache, Occidental, Nabors. ExxonMobil and Chevron could be at risk from their investments in Kazakhstan which have very high operating costs.

These energy companies have the highest debt and the most at risk as the oil market collapses

Opinion: These energy companies have the highest debt and the most at risk as the oil market collapses

Published: March 11, 2020 at 11:14 a.m. ET
By Philip van Doorn

Expect bankruptcies among highly leveraged U.S. shale-oil producers

Investors shocked at Saudi Arabia’s decision to lower oil prices and increase production sent financial markets reeling. A concern now for the oil and gas industry is which players can survive a prolonged market imbalance.

West Texas crude oil for April delivery US:CL fell as much as 25% to $31.13 a barrel Monday. That action followed Saudi Arabia’s announcement Saturday that after failed negotiations between OPEC and Russia to cut production in an attempt balance supply with reduced demand as the coronavirus spread, it would actually lower its own prices while increasing production.

“Now the question is, what is the Russian response?” said Philip Orlando, chief equity market strategist for Federated Hermes, in an interview. “Do they hold their breath until they turn blue? Or do they say, ‘You have the market weight here, why don’t we sit down to cut and stabilize the market?’ That may be too obvious and rational, so I have no idea how this is going to end up.”

Read:Why an oil price war is wreaking havoc on stocks and global financial markets right now

Highly leveraged energy companies
Banks with heavy exposure to the energy industry may be facing defaults, loan losses and other fallout. Here’s a list of banks with the most exposure as a share of tangible common equity.

But how about the energy borrowers? Starting with the S&P Composite 1500 (made up of the S&P 500 US:SPX, the S&P 400 Mid Cap Index US:MID and the S&P Small Cap 600 Index US:SML ), here are the 20 U.S.-listed oil companies with the highest percentages of long-term debt to equity, according to FactSet, based on their most recent regulatory filings as of March 6:

COMPANY TICKER LONG-TERM DEBT/ EQUITY INDUSTRY
Equitrans Midstream Corp. US:ETRN 90.2% Oil & Gas Pipelines
Tetra Technologies Inc. US:TTI 84.6% Oilfield Services/Equipment
Apache Corp. US:APA 71.8% Integrated Oil
Core Laboratories NV US:CLB 66.1% Oilfield Services/Equipment
Oneok Inc. US:OKE 66.0% Oil & Gas Pipelines
U.S. Silica Holdings Inc. US:SLCA 63.1% Other Metals/Minerals
Archrock Inc. US:AROC 63.1% Oilfield Services/Equipment
Nabors Industries Ltd. US:NBR 62.8% Contract Drilling
Denbury Resources Inc. USNR 60.5% Oil & Gas Production
Gulfport Energy Corp. US:GPOR 59.7% Oil & Gas Production
Consol Energy Inc US:CEIX 58.7% Coal
Laredo Petroleum Inc. US:LPI 58.1% Oil & Gas Production
Halliburton Co. US:HAL 57.7% Oilfield Services/Equipment
Range Resources Corp. US:RRC 57.5% Oil & Gas Production
Williams Companies Inc. US:WMB 56.7% Oil & Gas Pipelines
Exterran Corp. US:EXTN 53.3% Oilfield Services/Equipment
Occidental Petroleum Corp. US:OXY 53.1% Oil & Gas Production
Penn Virginia Corp. USVAC 51.7% Oil & Gas Production
Noble Corp. plc US:NE 50.5% Contract Drilling
Source: FactSet
You can click on the tickers for more about each company.

That is why we don't need to raise minimum wage. So when the prices goes down on fuel. These oil companies aren't able to keep paying their employees high wages. That is why it is important to keep inflation down. So if fuel prices goes down. Then every thing else should follow behind.

 

[Mikeoxenormous]

Dopey Donald Trump is clueless as the coronavirus and the Saudi oil price collapse threatens to bankrupt American oil companies and make America a net oil importer again.

It is not only oil companies. Natural gas producers are affected by falling oil prices as well and there are a lot of shiny new production plants and LNG plants which could fold.

The downturn will be magnified by the effect on jobs and the effect on oil industry Suppliers.

Oil sands producers will shut down and most shale oil producers will close their facilities as operating costs will exceed revenues. Oil sands producers require prices of US$ 60 per barrel to make a profit. They were already hurting from current low prices before Saudis broke the price.

There are some big names among those at risk. Apache, Occidental, Nabors. ExxonMobil and Chevron could be at risk from their investments in Kazakhstan which have very high operating costs.

These energy companies have the highest debt and the most at risk as the oil market collapses

Opinion: These energy companies have the highest debt and the most at risk as the oil market collapses

Published: March 11, 2020 at 11:14 a.m. ET
By Philip van Doorn

Expect bankruptcies among highly leveraged U.S. shale-oil producers

Investors shocked at Saudi Arabia’s decision to lower oil prices and increase production sent financial markets reeling. A concern now for the oil and gas industry is which players can survive a prolonged market imbalance.

West Texas crude oil for April delivery US:CL fell as much as 25% to $31.13 a barrel Monday. That action followed Saudi Arabia’s announcement Saturday that after failed negotiations between OPEC and Russia to cut production in an attempt balance supply with reduced demand as the coronavirus spread, it would actually lower its own prices while increasing production.

“Now the question is, what is the Russian response?” said Philip Orlando, chief equity market strategist for Federated Hermes, in an interview. “Do they hold their breath until they turn blue? Or do they say, ‘You have the market weight here, why don’t we sit down to cut and stabilize the market?’ That may be too obvious and rational, so I have no idea how this is going to end up.”

Read:Why an oil price war is wreaking havoc on stocks and global financial markets right now

Highly leveraged energy companies
Banks with heavy exposure to the energy industry may be facing defaults, loan losses and other fallout. Here’s a list of banks with the most exposure as a share of tangible common equity.

But how about the energy borrowers? Starting with the S&P Composite 1500 (made up of the S&P 500 US:SPX, the S&P 400 Mid Cap Index US:MID and the S&P Small Cap 600 Index US:SML ), here are the 20 U.S.-listed oil companies with the highest percentages of long-term debt to equity, according to FactSet, based on their most recent regulatory filings as of March 6:

COMPANY TICKER LONG-TERM DEBT/ EQUITY INDUSTRY
Equitrans Midstream Corp. US:ETRN 90.2% Oil & Gas Pipelines
Tetra Technologies Inc. US:TTI 84.6% Oilfield Services/Equipment
Apache Corp. US:APA 71.8% Integrated Oil
Core Laboratories NV US:CLB 66.1% Oilfield Services/Equipment
Oneok Inc. US:OKE 66.0% Oil & Gas Pipelines
U.S. Silica Holdings Inc. US:SLCA 63.1% Other Metals/Minerals
Archrock Inc. US:AROC 63.1% Oilfield Services/Equipment
Nabors Industries Ltd. US:NBR 62.8% Contract Drilling
Denbury Resources Inc. USNR 60.5% Oil & Gas Production
Gulfport Energy Corp. US:GPOR 59.7% Oil & Gas Production
Consol Energy Inc US:CEIX 58.7% Coal
Laredo Petroleum Inc. US:LPI 58.1% Oil & Gas Production
Halliburton Co. US:HAL 57.7% Oilfield Services/Equipment
Range Resources Corp. US:RRC 57.5% Oil & Gas Production
Williams Companies Inc. US:WMB 56.7% Oil & Gas Pipelines
Exterran Corp. US:EXTN 53.3% Oilfield Services/Equipment
Occidental Petroleum Corp. US:OXY 53.1% Oil & Gas Production
Penn Virginia Corp. USVAC 51.7% Oil & Gas Production
Noble Corp. plc US:NE 50.5% Contract Drilling
Source: FactSet
You can click on the tickers for more about each company.

Isnt this what you liberal retards want with your Green New Deal, to get rid of all fossil fuels? You should be elated. Of course if all of the fossil fuel does go away then your plastics for computers goes away also, and you wont be able to chat without all that energy for your electronic needs.

 

[Picaro]

lol what 'collapse'? More hysterical fake news. Overproduction always gets reversed sooner or later. I hope we do start importing a lot more, and keeping more of ours in the ground as reserves. Burn up the Islamist criminals oil and gas, the sooner the better. Besides, not a lot of that price decrease will ever reach the pumps, so the companies will do just fine; look up the word 'oligarchy', dumbass..