January 2009

Trends and Resources

HP Impact: HPImpact: Watch for opportunity, risks in changing market conditions

Three factors will shape how companies conduct business in 2009 and the near term, according to Bill Hale, the Americas Advisory Services Oil and Gas leader of Ernst and Young LLP. He outlined the 200..

Weirauch, Wendy, Hydrocarbon Processing Staff

Three factors will shape how companies conduct business in 2009 and the near term, according to Bill Hale, the Americas Advisory Services Oil and Gas leader of Ernst and Young LLP. He outlined the 2009 outlook from the CFO's position at a recent Energy Execs Ops Insight Forum in Houston (events@gulfpub.com). First, Mr. Hale said that CFOs must identify the current position of their organization. Are they in "cash burn" condition? These companies have significant risk exposure, cash flow problems, insolvency crises, etc, and are consequently under extreme stress. At the other end of the spectrum, executives need to ask if their company is in a "cash flow" position. Such an organization has

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