News comes from the USA, that analytical and consulting companies have stopped publishing ratings and their forecasts for a number of firms, engaged in shale oil production. In particular, we are talking about the cessation of activity in this direction by HEA analysts (Heikkinen Energy Advisors) and investment bank Tudor Pickering Holt & Co.
celebrated, what did the American shale companies remove from the ranking lists, whose capitalization is lower 300 million dollars, and the share price does not exceed 1 US dollars.
Analysts consider, that there was no sense in the attempts to track the ability to fulfill their credit obligations by relatively small shale companies in connection with a large-scale crisis, embracing this industry. In fact, experts make it clear, that these companies themselves are no longer able to service the accumulated debt and rely solely on state support. But while no one in the US is ready to say, which oil companies can count on direct state support.
experts note, that for small players in the shale hydrocarbon market "lenders and investors already have no hope". Many companies are trying to solve the problems of mergers, to attract the attention of rating agencies. But this is unlikely to solve the problem with investor confidence..
In the United States, that the crisis in the shale industry can only be overcome if, if oil prices rise for a relatively long period at least to 50 dollars per barrel. At the moment, a barrel of Brent crude oil has a price slightly higher 35 dollars.
That is why relatively small shale companies, if production continues, will operate at a loss, which will only exacerbate the accumulated financial problems. For large players in the US market, the situation is slightly better due to the possibility of diversification of activities within the framework of ongoing projects.
