Moody’s Oil & Gas Liquidity Stress Index Hits Worst-ever Level

Ratings service Moody’s issued a flash update yesterday to let everyone know that their Oil & Gas Liquidity Stress Index, a measure of the liquidity health of oil and gas companies, hit a worst-ever high of 27.2%. Translation: there are a record number of energy companies stretched to the limit, ready to run dry in the cash department. If prices don’t turn around soon, some (many?) of these companies will go under…

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