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Oil and Gas Discussion BB
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Re: Another nail in the coffin of over extended shale drillersSo, here we have a reason for oil to overshoot above 100 back again. No good hedging into the future = death of all huge capex projects and everybody and their gradmamma knows , there isnt enough of cashflow at 50-60 bucks per barrel to replace the production , even in Iran and Iraq or whatever shithole massmedias are projecting to bring huge quanties of oil, meanwhile marginal barrels are disappearing... The longer this bust goes, the more painful will be the boom for the rest of society. |
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Msg # | Subject | Author | Recs | Date Posted |
32982 | Re: Another nail in the coffin of over extended shale drillers | marpincan | 2 | 7/30/2015 8:27:19 PM |