KKR's Learns a Lesson From Soured Energy Bets

KKR's rivals haven't been immune to the decline in energy prices. Since June 2014, when oil prices began a slide to below $30 a barrel from above $100, private-equity firms' stakes in 12 publicly traded exploration-and-production companies have lost more than $20 billion in value.

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Bibliographic Details
Published inDaily Bankruptcy Review
Main Author By Ryan Dezember
Format Trade Publication Article
LanguageEnglish
Published New York Dow Jones & Company Inc 11.02.2016
Subjects
Bankruptcy
Bankruptcy reorganization
Energy industry
Energy prices
Equity
Equity funds
Gasoline prices
LBO
Leveraged buyouts
Natural gas
Prices
Private equity
United States > US
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Summary:KKR's rivals haven't been immune to the decline in energy prices. Since June 2014, when oil prices began a slide to below $30 a barrel from above $100, private-equity firms' stakes in 12 publicly traded exploration-and-production companies have lost more than $20 billion in value.