OIL DOWNTURN IS BETTER
Investment bankers and analysts entrenched in the oil and gas industry say companies have so far staved off the major negative impacts of the current industry downturn better than previous downturns by acting more proactively and aggressively.
"Companies are more active in dealing with cost and capital issues in the current environment," explained Osmar Abib, global head of oil and gas at Credit Suisse, during a Mar. 24 media roundtable in Houston. "Capital that has been raised serves as a buffer for the downturn," he said.
"Capital markets believe in the industry," said Timothy Perry, co-head of oil and gas,…
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