ling at the "new normal" range, the exit of weak players from the market and major sector themes (like the Permian Premium) having played out, the HY E&P group has been transitioning into a "normal" HY sector with standard credit themes like operational performance, cash flow models, and balance sheets al

tling at the "new normal" range, the exit of weak players from the market and major sector themes (like the Permian Premium) having played out, the HY E&P group has been transitioning to a "normal" HY sector with standard credit themes like operational performance, cash flow models, and balance sheets allow