A version of this story appears in the February 2018 edition of Oil and Gas Investor. Subscribe to the magazine here.
It has been three years since the steep fall in crude oil prices. More than 100 North American E&Ps have filed for bankruptcy since the fall of 2014. During the past year and a half, prices have stabilized to a degree, and the general consensus concerning commodity price outlook seems to be “lower for longer.”
However, there is a silver lining for some of the restructured companies post-bankruptcy. What changes have these companies have made, and how have these changes affected their stock-price performance?