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MI - Not even midstream sector is immune from this slowdown - March 2020
The midstream sector, often credited with being more stable than other parts of the oil and gas industry, is not invincible. As E&P firms start gutting their capex budgets, midstream companies are tightening their belts too, postponing projects, revisiting their dividends and socially distancing themselves from earlier 2020 plans. The construction slowdown will be delayed, as companies generally committed to complete ongoing projects, with capex cuts going into 2021. One of the sharpest trajectories......
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