Tom Kirkman + 8,860 October 1, 2018 The inimitable @Mike Shellman writes again. Worth paying attention to. Cartoon Of the Week In spite of higher oil prices, rising natural gas prices and much higher well productivity, only 21% of US shale industry's CAPEX requirements for 2019 will come from cash flow. A whopping 78% of all shale oil, shale gas companies and lenders surveyed In September 2018 by Haynes and Boone expect to INCREASE their respective borrowing bases in in 2019. 1 Quote Share this post Link to post Share on other sites
BillKidd + 139 BK October 1, 2018 Wow, very revealing stats! 2 Quote Share this post Link to post Share on other sites
John Foote + 1,135 JF October 1, 2018 It works for the Federal Government, why not shale oil and gas? P.S. I don't want an answer. Personally found of retained earnings paying the way, or investors betting on the cash flow. 1 Quote Share this post Link to post Share on other sites
Kaiser Soze + 14 KS October 1, 2018 Simple reason - most shale companies have bought hedges. That reduces profitability by a lot. Take away volatility and oil becomes unprofitable. 1 Quote Share this post Link to post Share on other sites
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