RESTRUCTURE OR RECAPITALIZE?

摘要

The "R" words have reentered the daily lexicon of upstream companies.Recapitalization is a watchword in 2015, with more than $20 billion raised in the capital markets as of press time, to help E&Ps buy time and regain their footing. Other producers are restructuring or forming innovative partnerships to manage through the downturn. In either case, the goal is to reassure investors and financial backers while positioning to emerge stronger, refocused on core strengths and able to seize opportunity in the next upcycle.