Despite the pain the oil price collapse has inflicted on the shares of US producers, a handful are biting the bullet to raise funds by issuing equity (p7). Depressed share prices mean firms must issue more shares to net the same proceeds they could have before the market tumbled. But with lenders' biannual redeterminations of company borrowing bases around the corner, many small and midsize E&Ps are trying to get ahead of any potential looming liquidity crunch (EIF Nov.26'14).
展开▼
