If you work in the volatile oil and gas industry, not a single day should go by where you do not have a read on corporate credit risk. It could save your company millions in the long run.
Risk professionals who did not heed CreditRiskMonitor and strikingly low daily FRISK® scores for Weatherford International plc are now facing a grim prospect of collecting a fraction of monies owed.
CreditRiskMonitor’s assessment of the U.S./Canadian E&P industry reveals that about two-thirds of operators are financially distressed and have higher-than-average risk of bankruptcy.
CreditRiskMonitor currently estimates that financial losses stemming from U.S. public company bankruptcies alone will be in excess of $1.1 trillion, a greater figure than what was lost during the Great Recession.
The global economy appears to have deteriorated in a significant way during 2019 given the trends in negative yielding debt.
San Antonio-based Pioneer Energy Services Corporation's swelling debt and decline in working capital present heightened bankruptcy risk.
Bellatrix Exploration Ltd., an oil & gas giant based in the Canadian Rockies, is battling mountainous debt obligations and interest payments.
The offshore oil and gas market remains widely depressed. Troubled outfit Hornbeck Offshore Services, Inc. has fallen to a FRISK® score of “1,” which indicates severe financial distress.
When the FRISK® score becomes your go-to metric for financial risk analysis, incredibly accurate (read: good) adjustments follow.
Looking at recent financials and our FRISK® score, we're hardly gushing over oil and gas operator Legacy Reserves Inc.
A dark and dirty descent into bankruptcy was the story of Cloud Peak Energy Inc., as America's coal industry continues to hover in a volatile space.