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Sunday, 19 March 2017

Shale's Mister Fix-It: Saudi Arabia - Bloomberg Gadfly

Shale's Mister Fix-It: Saudi Arabia - Bloomberg Gadfly:

"Things are looking up in Shalelandia these days. Oil prices, despite the most recent drop, have stayed close to $50 a barrel. Rig-counts and production are rising. Even Saudi Arabia is looking discombobulated.Lest we forget, though, the chief reason things are looking up is because E&P companies fell way down.Back in October, Gadfly surveyed the financial performance of 11 of the biggest oil and gas producers focused on North America. Now that they have all filed their 10-Ks for 2016, we can see how they fared in the very depths of the oil crash."

'via Blog this'