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Full Energy Retard: Part Deux
About a week ago I noted, with some amusement, that Citi was running a client survey to help determine how market participants see the high yield story panning out.
As regular readers are aware, there are no shortage of headwinds for the space which, thanks higher oil prices, has seen spreads compress dramatically since the February 2016 doldrums. Here's a (by no means exhaustive) list of potential HY land mines:
tax reforms that eliminate the deductibility of interest could offset the benef
No doubt about it, you gotta be smart. The Orange julius wants more deregulation. “Drill baby drill” more glut please!
PS:Keystone XL and Dakota (Drinking Water) Pipelines
Heh, http://phx.corporate-ir.net/phoenix.zhtml?c=79687&p=irol-reportsother how long before the Saudi’s say screw it and throw open the valves to finish off the shale drillers once and for all?