Energy News Roundup: Highly-leveraged Firms, Mystery Kurdish Oil Buyers Beware & Climate Insurance Policy Needed
Breaking Energy 2014-07-29
Summary:
Financial results from 127 global oil and natural gas companies showed increased use of debt to help fund operations – along with asset sales – in recent years amid flat oil prices. Low borrowing rates facilitated this phenomenon, though the long-term sustainability of this strategy is questionable. “Using debt to fuel growth is a typical