1Q 2024 Oil & Gas Debt Data Book

This data book provides a reference guide to the listed and leveraged oil & gas fixed income securities, and their performance.

As has been starkly demonstrated by the availability of liquidity, there has been a wholesale withdrawal from the credit markets by the banks.

While there may be a multitude of reasons behind this, one can't help but think that the junior social justice warriors ("SJWs") in these banks, with little to no experience of the real world, have started to exert their influence.

Whatever the reasons, this will herald a supercycle that will eclipse the ones we have seen previously, as the SJWs neglect to tell the wider public the extent to which the Transition depends on oil and gas and its derivatives.

The declining new credit issues underlines that the new paradigm is now in place, and it doesn't involve the traditional lenders.

The new regime for finance has begun, placing more power in the industry, opposed to the consumers'.

This month is encapsulated by the following key takeaways:

Leveraged Debt

• Leveraged debt has gone. Unliekly to make a return while stuopidity reigns in banking. Myopic ESG warriors have claimed banking and oil & gas is not in favour.

Listed Debt

• There have been a number of issues, and while some might say it is business as usual, the oil & gas financing world has, and continues, to change.

In this edition, we provide the front section of the report (PDF format), while the individual debt data can be accessed from the data file (Excel).