Sunday 1 April 2018

Wary shale investors warn against drilling at all costs

Wary shale investors warn against drilling at all costs:

"“Each man kills the thing he loves,” wrote Oscar Wilde. US oil executives know exactly what he meant.

In 2014, the US shale industry helped tip itself into a downturn when booming production created a glut on world markets. Now investors are urging it to avoid making the same mistake a second time.

Capital discipline and shareholder returns should be the watchwords for the exploration and production industry, management teams have been told, and many of them have responded."



'via Blog this'

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