Energy company debt tumbled Thursday, as fears of the spread of the coronavirus pulled commodity prices lower and pushed bonds of several oil and gas producers deeper into territory considered to Investors in high-yield riskier bonds of U.S. shale firms have caught up with equity investors in showing impatience over the mounting debt that the shale patch has piled up to fund production The iShares iBoxx $ High Yield ex Oil & Gas Corporate Bond ETF (the “Fund”) seeks to track the investment results of an index composed of a broad range of U.S. dollar denominated, high yield corporate bonds that excludes those issued by companies in the Oil and Gas sector. Over the past two months, high yield bonds have managed to disengage themselves from the daily volatility of the crude oil market. Whether this is good or bad going forward is the question. Funds holding junk bonds have seen huge outflows in recent weeks. i Shares High Yield Corporate Bond ETF (NYSEARCA:HYG), which has 13.6% exposure to the Oil and Gas sector, has lost 5.6% in the These positive bond flow dynamics emanating from oil consumers started reversing post 2016 as oil prices started rising and as the previous income windfall started eroding. Again, factoring in a rise in oil price from $45 in 2016 to $55 in 2017 and $80 in 2018 implies an income squeeze of $1.1tr for oil consumers, Furthermore, over the past four years, oil has averaged around $90/barrel (bbl), oil price volatility was low by historical standards, the high yield market was conducive for new bond issuance and
The following table includes sortable dividend information on all ETFs in the Oil & Gas ETFdb.com Category, including yield, dividend date, and beta. The following table includes basic holdings information for each ETF in the Oil & Gas, including number of holdings and percentage of assets included in the top ten holdings. Oil and Gas Companies Recent high yield bond offerings by oil and gas companies include the offering of $750,000,000 5.00% Senior Notes due 2026 by globally integrated midstream and downstream oil group Puma Energy Holdings Pte.
Recent high yield bond offerings by oil and gas companies include the offering of $750,000,000 5.00% Senior Notes due 2026 by globally integrated midstream
These positive bond flow dynamics emanating from oil consumers started reversing post 2016 as oil prices started rising and as the previous income windfall started eroding. Again, factoring in a rise in oil price from $45 in 2016 to $55 in 2017 and $80 in 2018 implies an income squeeze of $1.1tr for oil consumers, Furthermore, over the past four years, oil has averaged around $90/barrel (bbl), oil price volatility was low by historical standards, the high yield market was conducive for new bond issuance and The following table includes sortable dividend information on all ETFs in the Oil & Gas ETFdb.com Category, including yield, dividend date, and beta. The following table includes basic holdings information for each ETF in the Oil & Gas, including number of holdings and percentage of assets included in the top ten holdings.
Spreads for high-yield energy bonds are rising back toward broader CCC levels - and are now their closest since early 2016, oil traded at about $30 Source: Bloomberg Oil and gas companies — and their debt — have come under pressure in recent weeks as the price of crude entered a bear market Get alerts on High yield bonds when a new story is published While the oil services sector has been the hardest hit, it only accounts for 14% of the US energy sector (or 2% of the overall US high-yield market). It is the independent energy sector that accounts for the major share – 57% of US energy high-yield and 9% of the total US high-yield. The following table includes sortable dividend information on all ETFs in the Oil & Gas ETFdb.com Category, including yield, dividend date, and beta. The following table includes basic holdings information for each ETF in the Oil & Gas, including number of holdings and percentage of assets included in the top ten holdings. Oil and Gas Companies Recent high yield bond offerings by oil and gas companies include the offering of $750,000,000 5.00% Senior Notes due 2026 by globally integrated midstream and downstream oil group Puma Energy Holdings Pte. Royal Dutch Shell: A high-yield oil stock. Royal Dutch Shell also clocks in with one of the highest-yielding dividends in the oil patch, right up there with BP. Investors beware: These corporate bonds are a risk. investors are understandably nervous about their oil- and gas-related about $99 billion of high-yield energy bonds are trading at