MercoPress, en Español

Montevideo, November 22nd 2024 - 09:42 UTC

Tag: Junior Oil Companies

  • Friday, November 15th 2013 - 16:15 UTC

    Deliver or Die: Financial Survival Challenges for Today’s Junior Oil Companies

    “The only way a junior can truly capitalize their program and fund their growth is through internal generation of cash,” says Nichol, Edge Resources CEO

    Long gone are the days of easy money, so it seems. Junior energy companies are finding today’s capital to be more expensive and harder to access. In the current market, juniors are fighting an ongoing battle just to balance sustainable growth, manage debt, and to compete with peers for dollars that just aren’t there. When assessing a junior, one must look at how they put their budgets together and maintain them if they’re to survive out there in the wild.