|2019-12-25 来源： 中国石化新闻网|
中国石化新闻网讯 据世界石油网站12月23日纽约报道 由于投资者对页岩气的兴趣逐渐减弱，美国石油和天然气生产商今年从股票回售中筹集的资金是十多年来最少的。
王磊 摘译自 世界石油
Stock sales at 13-year low signal a waning appetite for U.S. shale
U.S. oil and gas producers have raised the least funds from share sales this year in over a decade, as investors lose their appetite for shale.
Sources of funding are likely to be scarce in 2020 too. While U.S. oil prices have climbed about 33% in 2019, they are still below the $65-$75/bbl level that analysts say is needed to boost investor confidence in the companies. Industry stock sales plunged about 70% in 2019, and debt issuance was largely flat from a year ago as companies face a wall of maturing bonds.
“It seems to be fairly unloved as a sector,” said Andy Brogan, Global Oil & Gas Sector Leader for Ernst & Young LLP, referring to the energy industry. Next year may prove to “be a continuance of this year,” he said.
Share issuance from American producers has totaled only $1.3 billion so far in 2019, the lowest since at least 2006, according to data compiled by Bloomberg.
Share sales boomed in 2016 as oil prices recovered from their biggest crash in a generation. Output cuts by OPEC and strong global growth rescued the market, according to CreditSights Inc. analyst Jake Leiby.
Meanwhile, the energy industry’s share of total U.S. equity sales has declined for three consecutive years. It contributed to just over 1% in 2019, compared to 2016’s 34%.
“Few fundamental catalysts will likely emerge in 2020 to sustain sentiment for crude and U.S. oil-exposed E&Ps, as resilient production collides with concerns about a maturing economic cycle,” said Vincent Piazza, a senior analyst at Bloomberg Intelligence.
Annual bond issuance by U.S. exploration and production companies has totaled about $44.5 billion as the year nears its close, slightly higher than in 2018, though the figures include refinancing of prior debt.