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More cash calls are likely among O&G companies

Adam Aziz
Adam Aziz9/17/2018 07:30 AM GMT+08  • 5 min read
More cash calls are likely among O&G companies
SINGAPORE (Sept 17): Upstream activities are increasing in tandem with crude oil prices, which are climbing steadily. While things are looking up for the oil and gas industry, many Malaysian O&G companies are still bogged down by high borrowings and fina
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SINGAPORE (Sept 17): Upstream activities are increasing in tandem with crude oil prices, which are climbing steadily. While things are looking up for the oil and gas industry, many Malaysian O&G companies are still bogged down by high borrowings and finance costs.

Given the growing optimism in the industry, some quarters believe more debt-laden companies are likely to tap existing shareholders for fresh capital by making cash calls.

“With [the] oil price at this level, they [O&G companies] have the opportunity to turn around. But first, they need to have cash to pare down their debts.

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