Deutsche Bank foresees big funding gaps for E&P companies next year, spending 152% of...

|By:, SA News Editor

Deutsche Bank foresees big funding gaps for E&P companies next year, spending 152% of operating cash flow on average even if capital expenditure is held flat and oil averages $90/bbl and natural gas $4/M btu. WSJ's Liam Denning thinks even those numbers look optimistic, as oil prices are at risk of a correction next year and a rally in gas prices faltered with the warm weather in the U.S.