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

In March Moody’s Oil & Gas Liquidity Stress Index, a measure of the liquidity health of oil and gas companies, hit a worst-ever high of 27.2% (see Moody’s Oil & Gas Liquidity Stress Index Hits Worst-ever Level). A month later and the same index has topped the previous bad record–now at 31.6%. 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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