The ability for E&P companies to generate free cash flow is expected to be severely hampered by the plunge in oil prices,according to a recent Rystad Energy report,which projects free cash flow will drop to zero if oil prices remain at $30/bbl.”This is probably where we are heading in the coming months,which will be extremely difficult for E&P companies,”Per Magnus Nysveen,Rystad Energy's senior partner and head of analysis,said during a webi-nar on March 18 discussing the findings of the report focused on the coronavirus’impact on oil markets.
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