Big Oil: Burning Cash, Running Out Of Time Quickly – BAML – ValueWalk Premium

Big Oil: Burning Cash, Running Out Of Time Quickly – BAML

Europe's Big Oil sector is set to burn through approximately $20 billion of free cash flow during 2016, and the sector will require almost $10 billion of debt refinancing throughout the year according to a credit research note on the oil industry from Bank of America Merrill Lynch.

BoA's analysts estimate that in the prevailing sub-$60 oil price environment, Big Oil’s organic FCF will remain persistently negative, which gives the industry . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk

The top investors are reading ValuewalkPremium.

Click here to learn why

0