11 months of pressure on the oil market - threatening situation for some players in the industry - based on AMarkets.
At the moment, 4 US companies c total capital of $ 4.8 billion (Penn Virginia Corp., Paragon Offshore Plc, Magnum Hunter Resources Corp., Emerald Oil Inc.) reported that the audit revealed that the company will be hard to stay afloat and probably business have to roll. According to forecasts of renowned Morgan Stanley and Goldman Sachs Group Inc., the oil prices will not recover soon. According to forecasts of Barclays Plc, the default rate among oil companies' promises to double in 2016. Marathon Asset Management predicts that in 2-3 years the default rate in the industry will increase to 25% if the black gold will remain below the $ 60 per barrel. No one is not invested in the development of the sector - this is what is important to understand.
Investors who 6 months ago bought the bonds of highly oil players for $ 14 billion, is now sitting in a loss of $ 2 billion in total (data from Bloomberg).