摩根士丹利：能源信贷研究_高收益能源_质量不断提升，远离石油
能源基金会·2024-10-21 15:21
M Idea Energy Credit Research | North America October 17, 2024 04:01 AM GMT HY Energy: Moving Up-inQuality, Away from Oil We are shifting our view from a balanced approach across credit tiers and business mix to up-in-quality and away from oil given the increasingly bearish oil outlook for 2025. Key Takeaways We see gassy E&Ps, Midstream, and Refiners (assuming low oil prices are supply driven) as the way to position defensively within Energy. We close our trade recommendation to buy the oily/BB, Baytex 7 3 ...