The private equity firms that have financing guaranteed by the banks have
the banks over a barrel.
Not exact matches
Analysts at
Bank of America Merrill Lynch, in a back - of - the - envelope calculation, speculate that, if it can make $ 1 a
barrel on that flow, Glencore will earn $ 400 million
over the five years --» a very compelling return on $ 323 million in equity.»
«Shale is the reason we're not trading
over $ 100 a
barrel, way more than $ 100 a
barrel,» said Francisco Blanch, global head of commodities and derivatives at
Bank of America Merrill Lynch.
Futures would rally into the low $ 50s a
barrel and average $ 55
over the first half of next year if the group agrees to a cut, according to the
bank.