Shale Is Coming Back, And It’s “Coming Back Strong”

Shale Is Coming Back, And It’s “Coming Back Strong”

From the time the OPEC production cut deal was agreed I've been saying that although the market reaction proved, beyond a shadow of a doubt, that the cartel is certainly not "dead" or devoid of pricing power, the price bump will prove self-defeating up to and until capital markets finally slam shut on US producers that, were it not for easy access to funding, would have ceased to exist long ago. The only way you can plug funding gaps created by consistently outspending cash flow is if you can
Subscribe or log in to read the rest of this content.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.