THE RETURN OF DEBT AND EQUITY

摘要

After a tumultuous,unprecedented year for oil and gas markets,commodity prices have returned to a level of relative stability.Similarly,the freeze in equity and debt investment in the oil and gas industry appears to be thawing.While markets seem to be reopening,the effects of the pandemic and other geopolitical developments have had lasting results on how deals get done as well as the terms and negotiation of deals going forward.While the beginning of 2021 shows many reasons for optimism,it is important to be aware of how the previous year's developments have affected the negotiation and structuring of deals as well as the rise of alternative deal structures and new market participants growing out of this turbulent period.