Executive Holidays: Cynt Marshall, Chad Houser, Chris Kelly, Peter Brodsky, and More
In part two of our series, area executives share their favorite traditions, memorable presents, and goals for 2021.
By Christine Perez
Published in
Business & Economy
December 23, 2020
10:45 am
It’s safe to say that we’re all ready to bid goodbye to 2020. The editors of
D CEO recently checked in with area execs to see how they’re planning to spend their holidays and what resolutions they’re setting for the new year. To read part one in this series, featuring Charlotte Jones, Ben Lamm, Bob Pryor, and more, click here.
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The Worst May Be Over For U.S. Oil By Irina Slav - Dec 22, 2020, 12:00 PM CST
More than 40 oil and gas companies in the United States filed for bankruptcy protection in the first eleven months of this year, according to Haynes & Boone’s latest report. Their cumulative debt load is $24.732 billion. And yet, things in the U.S. oil patch may not be as bad as the number of bankruptcies might suggest.
Bloomberg Intelligence recently reported the value of oil and gas bonds trading at a distressed level in mid-March totaled $144 billion. By the end of November, this was down to $37 billion. And analysts expect a lot fewer bankruptcies next year.
Better days may be ahead for energy companies after a busy year of bankruptcies.
(Bloomberg) Better days may be ahead for energy companies after a busy year of bankruptcies, with the coronavirus pandemic culling the weakest borrowers and investors pricing in a sharp economic recovery when vaccines become widely available.
About $144 billion of energy bonds were trading at distressed levels in the middle of March, when the pandemic sent oil demand plunging, but that number receded to $37 billion by the end of November. That’s because some oil and gas companies have filed for bankruptcy while others have seen their fortunes rebound, according to Bloomberg Intelligence.
Bankruptcies leave a smaller, financially-healthier energy industry By Allison McNeely on 12/18/2020
(Bloomberg) Better days may be ahead for energy companies after a busy year of bankruptcies, with the coronavirus pandemic culling the weakest borrowers and investors pricing in a sharp economic recovery when vaccines become widely available.
About $144 billion of energy bonds were trading at distressed levels in the middle of March, when the pandemic sent oil demand plunging, but that number receded to $37 billion by the end of November. Thatâs because some oil and gas companies have filed for bankruptcy while others have seen their fortunes rebound, according to Bloomberg Intelligence.