23.09.2016 - What Happens to Energy Investments if Oil Prices Don't Recover?
A rebound in crude oil prices lifted energy investments this year, with names of super-major oil producers like Exxon Mobil Corp. and Chevron Corp. (CVX) sporting double-digit gains so far in 2016 after sharp losses in 2015. That also goes for the iShares iBoxx $ High Yield Corporate Bond exchange-traded fund (HYG), which many crude-oil market watchers use as a proxy for energy-debt investments since many energy companies operating in the shale-oil boom areas used high-yield debt for funding.............................................Full Article: Source
Print