Financing Requirements for the Oil and Gas Industry - North America
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The characteristics of good energy company borrowers are strong management, integrity, diversification, flexibility, a sound financial basis and business acumen. Acceptable reasons for borrowing include requirements for working capital, plant expansion, modernisation, oil and gas field development and the manufacturing of oil tools and related products. Security for loans is based on the company's reserves, the duration of the debt and priority over other indebtedness. Most loans are evaluated on the grounds of general corporate credit, that is, the overall credit standing of the borrower.
2021 ◽
Vol 1
(1)
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pp. 549-558
2017 ◽
Vol 122
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pp. 262-274
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2014 ◽
Vol 598
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pp. 33-37
2021 ◽
Vol 15
(23)
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pp. 45-56
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2021 ◽
Vol 14
(33)
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pp. e16281
2021 ◽
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