19 Apr 2016

White Paper – Managing Credit Risk (The Best Job You Never Had)

In today’s volatile and uncertain market, we all want to win every job and contract we can get. Yet, sometimes we are better off losing. That may sound counter-intuitive, but there are times when your best job is the one you never had.

“Prevailing commodity prices have had a profound impact on the financial health of the oil and gas sector. Financial distress can lead to a slowdown in customers payments, or worse, no payment,” James Constas, Managing Director with EnerCom Consulting said. “In less than a year, the average debt level for U.S. E&Ps has risen 58%, and we have been able to chart some key financial metrics that lend insight into risk and presage bankruptcy. Having a strategic partner with the ability to provide forward-thinking data and analysis can help avoid making unforced errors.”

EnerCom Consulting’s new white paper, The Best Job You Never Had, includes examples of the debt profiles of companies that filed for creditor protection or skipped interest payments. In addition, the white paper offers suggestions for how credit and financial analysis can be used to create competitive advantage.

With over 22 years of industry experience, relationships, data and financial expertise in the oil and gas industry form the foundation of EnerCom Consulting’s practice.

Download the free white paper.

Contact Glen Parrott (gparrott@Enercominc.com) with EnerCom today and learn more about how we can help you assess credit risk in the oil and gas sector and develop risk profiles. 303-296-8834 X237.