Denham Capital’s Carl Tricoli Discusses Energy Downturn with Oil & Gas Investor| Oil & Gas
Carl Tricoli, managing partner and co-president of Denham Capital, said the worst is yet to come in the downturn. As the low price environment shifts into the latter part of this year and into 2016, more and more distress opportunities will present themselves, he said. Right now, he said, there is an aspect of patience during consolidations, and there are not yet any defaults in the high-yield market. The opportunities available now, he said, are bolt-on acquisitions and lease enhancements.