Just got off the phone w/my fishing buddy that is on Board of one of the largest independent shale producers. I always try and pick his brain.
Specifically asked him what worried their Board and CEO these days. Then tried to lead him into Crypto and FED to see if they worry about same thing we do. He said NO NO NO. He said that with Ukraine and supply issues they think oil is going over $100. They don't want it to but they think that is what is going to happen. The number one thing they worry about in US is Windfall Profit Tax.
He also invests in O&G privately with drilling with partners. He said private companies will not move the needle in supply.
Just one guys opinion and they could be wrong but they are betting heavily on it by not putting any hedges on. Just thought it was interesting they are not concerned about FED. He knows his stuff as a 40 year investment banker.