S&P Global Offerings
Featured Topics
Featured Products
Events
S&P Global Offerings
Featured Topics
Featured Products
Events
S&P Global Offerings
Featured Topics
Featured Products
Events
S&P Global Offerings
Featured Topics
Featured Products
Events
Corporations
Financial Institutions
Banking & Capital Markets
Economy & Finance
Energy Transition & Sustainability
Technology & Innovation
Podcasts & Newsletters
Corporations
Financial Institutions
Banking & Capital Markets
Economy & Finance
Energy Transition & Sustainability
Technology & Innovation
Podcasts & Newsletters
Street Talk Podcast — Ep. 62 — 2 Jun, 2020
Banks with exposure to the oil and gas sector have seen their stocks underperform the bank index as oil prices have plunged this year, raising the specter of increased defaults. That sector is unlikely to see relief any time soon.
In the episode, Tom Watters, managing director and sector lead oil and gas at S&P Global Ratings, discussed the outlook for oil prices, how this downcycle compares to prior downturns and past bank redetermination periods. He also said oil and gas companies will have a hard time tapping the capital markets or attracting outright acquirers outside of bankruptcy.