Oil Prices Crushed These 5 Oil Stocks This Week презентация

After some initial enthusiasm, crude fell from $38 at the start of the week to just over $33 per barrel by Friday. That led to another awful showing for oil stocks. Some of the worst performers, according to S&P Capital IQ data, were Clayton Williams Energy (NYSE: CWEI), Enable Midstream Partners (NYSE: ENBL), Hornbeck Offshore Services (NYSE: HOS), Carrizo Oil & Gas (NASDAQ: CRZO), and Cobalt International (NYSE: CIE). 

of oil now below $35 per barrel, it is significantly reducing the economic drilling inventory of Clayton Williams

cash flow, which will make it harder to maintain its debt
Key takeaway: Investors worry that Clayton Williams won’t survive if crude continues to crash

10% decrease in the price of natural gas yields a $5 million decrease in its Adjusted EBITDA for 2016

yield a $3 million decrease in Adjusted EBITDA in 2016
Key takeaway: With its distribution coverage ratio already tight, investors are worried that falling commodity prices mean a distribution cut is on the horizon

below $35 per barrel, it makes it much less likely that new oil projects in the Gulf of Mexico will be given the green light

cutting its margins and leading to lower cash flow
Key takeaway: Investors are growing concerned that operating conditions could get much worse

week.

down below $35 per barrel, it is further reducing Carizzo’s economic drilling locations, which is a concern given that only 55% of its drilling locations were economic at an oil price below $45 per barrel

and two peers this week because of its staying power, margin stability, and strong management
Key takeaway: Investors are more concerned that Carrizo’s economic drilling inventory is slipping away with each drop in the price of crude

Cobalt doesn’t currently produce any oil and won’t start producing until the Heidelberg project comes online next quarter

projects in development, less profitable than expected
Key takeaway: Investors are revaluing the company’s future potential given crude’s persistent slide