市场对美国页岩油需求正减弱

原标题：市场对美国页岩油需求正减弱

    中国石化新闻网讯 据世界石油网站12月23日纽约报道 由于投资者对页岩气的兴趣逐渐减弱，美国石油和天然气生产商今年从股票回售中筹集的资金是十多年来最少的。

    到2020年，资金来源可能也会短缺。尽管美国油价在2019年已攀升约33%，但仍低于分析师称提振投资者对这些公司信心所需的65-75美元/桶水平。2019年，行业股票销售暴跌约70%，债务发行与一年前基本持平，因为企业面临到期债券的困境。

    安永会计师事务所全球油气行业主管安迪?布洛根在谈到能源行业时表示：“作为一个行业，它似乎相当不受欢迎，明年可能被证明是今年的延续。”

    彭博社汇编的数据显示，到目前为止，2019年美国生产商的股票发行总额仅为13亿美元，为至少2006年以来的最低水平。

    2016年，随着油价从一代人以来最大的暴跌中复苏，股票销售大幅增长。CreditSights公司分析师杰克?莱比表示，欧佩克减产和全球强劲增长拯救了市场。

    与此同时，能源行业在美国股票销售总额中的份额已连续三年下降。与2016年的34%相比，它在2019年的贡献率略高于1%。

    彭博社资讯高级分析师文森特?皮亚扎表示：“由于弹性生产与对经济周期日趋成熟的担忧发生冲突，2020年可能不会出现维持原油和美国石油敞口的勘探与生产人气的基本催化剂。”

    随着今年接近尾声，美国勘探和生产公司的年度债券发行总额约为445亿美元，略高于2018年，不过这些数字包括了先前债务的再融资。

    王磊 摘译自 世界石油

    原文如下：

    Stock sales at 13-year low signal a waning appetite for U.S. shale

    U.S. oil and gas producers have raised the least funds from share sales this year in over a decade, as investors lose their appetite for shale.

    Sources of funding are likely to be scarce in 2020 too. While U.S. oil prices have climbed about 33% in 2019, they are still below the $65-$75/bbl level that analysts say is needed to boost investor confidence in the companies. Industry stock sales plunged about 70% in 2019, and debt issuance was largely flat from a year ago as companies face a wall of maturing bonds.

    “It seems to be fairly unloved as a sector,” said Andy Brogan, Global Oil & Gas Sector Leader for Ernst & Young LLP, referring to the energy industry. Next year may prove to “be a continuance of this year,” he said.

    Share issuance from American producers has totaled only $1.3 billion so far in 2019, the lowest since at least 2006, according to data compiled by Bloomberg.

    Share sales boomed in 2016 as oil prices recovered from their biggest crash in a generation. Output cuts by OPEC and strong global growth rescued the market, according to CreditSights Inc. analyst Jake Leiby.

    Meanwhile, the energy industry’s share of total U.S. equity sales has declined for three consecutive years. It contributed to just over 1% in 2019, compared to 2016’s 34%.

    “Few fundamental catalysts will likely emerge in 2020 to sustain sentiment for crude and U.S. oil-exposed E&Ps, as resilient production collides with concerns about a maturing economic cycle,” said Vincent Piazza, a senior analyst at Bloomberg Intelligence.

    Annual bond issuance by U.S. exploration and production companies has totaled about $44.5 billion as the year nears its close, slightly higher than in 2018, though the figures include refinancing of prior debt.