- Should oil and gas prices remain at these elevated levels, energy issuers will be able to achieve their debt reduction targets in an accelerated timeframe.
- Improved capital discipline by management teams is leading companies to reinvest a lower percentage of their cash flow, allowing them to generate free cash flow in a wider range of environments.
- Growth in gas demand remains robust and is positioned to accelerate as U.S. liquid natural gas export capacity expands in the coming years to displace Russian gas in Europe.
For further details see:
The Changing Risk Profile Of High Yield Energy