Summary

A fundamental shift in capital sources available for upstream energy companies to fund various business operations began several years ago. What began initially as a short-term response to sector volatility is quickly migrating towards a long-term secular trend.

This shift has also created an opportunity for investors to consider different risk return investment profiles within the industry and will likely be a trend that continues for some time.

In this piece we will discuss:

• Industry Trends Impacting Capital Availability
• Filling the Funding Gap of an Essential Industry
• Importance of Junior Financing