Download the report
KEY TAKEAWAYS
Many independent oil & gas producers (E&Ps) possess high-yield credit ratings, and their borrowing costs are typically elevated compared with so-called Investment Grade firms.
As lenders have become increasingly wary of lending to oil & gas producers, coupons on new bond issuances have begun to rise for some high-yield names, but not for all.
We see highest near-term risk associated with AR and RRC, but relatively strong prospects for MUR and PDCE.
Please visit our website for more examples of CFRA's fundamental research.