U.S. Shale Has A Glaring Problem
"Until the industry as a whole improves, producing both sustained profits and consistently positive cash flows, careful investors would be wise to view fracking companies as speculative investments"
By Oilprice.com -- Nick Cunningham—— Bio and Archives--October 23, 2018
Global Warming-Energy-Environment | Comments | Back To Full Article
Oil prices are down a bit, but are still close to multi-year highs. That should leave the shale industry flush with cash. However, a long list of U.S. shale companies are still struggling to turn a profit.
A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) and the Sightline Institute detail the "alarming volumes of red ink" within the shale industry.Welcome to CFP’s Comment Section!
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