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Fitch: $50 Oil Could Lead to Underinvestment for HY US E P Cos

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NEW YORK--(BUSINESS WIRE)--Link to Fitch Ratings' Report: High-Yield E&P Hedge and Netback Profiles Update (Limited $60 Hedges Added in Q2; Full-Cycle Netbacks Suggest Underinvestment at $50) Hedge additions at deeply high yield (HY) U.S. exploration and production (E&P) companies were relatively limited during the $60 oil hedging opportunity in the second quarter, according to Fitch Ratings. A prolonged $50 o