As Oil Plunges, Oil CEOs Say “Message Is Clear”: “Worst Is Behind Us, Time For Growth”

As Oil Plunges, Oil CEOs Say “Message Is Clear”: “Worst Is Behind Us, Time For Growth”

Well, I'll say this for Wells Fargo (whose research I maligned on Thursday prompting an amusing response from the bank's help desk): they are dead on when it comes to explaining how US operators didn't seem to learn jack sh*t from the downturn in crude prices. Here's what the bank said in a great note out last month: Street Missing The History Lesson. With the activity ramp fully underway and the attention now on volumes growth, we wanted to revisit the topic of E&P outspend. We Model Outs
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