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The Independents: has retrenchment worked?

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Strategic change has had a material impact on the portfolios of the Independents peer group with many restructuring and/or retrenching to North America. We analyse the operational, financial and strategic impact of these latest industry trends and discuss what could lie ahead for this group of companies.

Table of contents

    • Delivering value over the long and short-term
    • Activity driven by equity market pressures
    • The impact of retrenchment to North America on performance outlook
    • Majors remain underweight to unconventionals
    • Unconventionals dominate Independents’ reserves replacement
    • Production growth performance reflects TSR
    • Financial comfort for many under our base price assumption
    • Strategic implications of a low price scenario
    • Changing challenges to stay on top
      • Diversified international operators who have restructured, or are in the process of restructuring portfolios
      • Pure play unconventional operators

Tables and charts

This report includes 12 images and tables including:

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What's included

This report contains:

  • Document

    The Independents: has retrenchment worked?

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