Distressed U.S. Oil & Gas Assets: Investor Opportunity or Disaster?

The video discusses the ongoing bankruptcy cycle in the oil and gas industry, highlighting the significant debt involved since 2015. Despite initial predictions, the cycle is not yet over, with potential for more debt at risk. The video also explores recovery prospects, emphasizing the layered structure of debt and the impact on senior and junior lenders.

What was the initial prediction about the duration of the bankruptcy cycle in the oil and gas industry?

• It would last a few months.

• It would end by 2016.

• It would last indefinitely.

• It would take a couple of years.

As of 2019, how much debt was involved in bankruptcies since 2015?

• $50 billion

• $70 billion

• $108 billion

• $200 billion

What is the predicted additional debt at risk over the next two years?

• $10 to $20 billion

• $100 billion

• $25 to $50 billion

• $60 to $80 billion

In the recovery process, which layer of debt is most likely to be converted to equity?

• Junior debt

• Senior secured lenders

• Equity

• First lien debt

What significant change occurred in 2019 regarding first lien debt?

• It was unaffected.

• It was completely wiped out.

• It saw significant impairment.

• It doubled in value.