Marina Schwarz + 1,576 January 24, 2019 https://www.argusmedia.com/en/news/1833434-crude-summit-hamm-sees-us-shale-output-growth-slowing "Producers have become more disciplined in their approach to capex," he said. "Several years back growth was a huge consideration. That consideration has been much less. The peak consideration now has been — are you overspending cash flow. Are you living within cash flow?" Quote Share this post Link to post Share on other sites
Tom Kirkman + 8,860 January 24, 2019 Is there any particular reason you are paying attention to Hamm? "Looking ahead 10 years, Hamm said the industry could see an increase in its output by 50pc from current levels." Quote Share this post Link to post Share on other sites
Marina Schwarz + 1,576 January 24, 2019 Nah, just saw it contradicted the overall sentiment and thought it was interesting. Also, a while ago he warned, I think, they'll drill themselves to death if they kept going when the prices were in the $30s. Quote Share this post Link to post Share on other sites
Tom Kirkman + 8,860 January 24, 2019 Ah, ok. Personally, I don't put Hamm in the same "avoidance" category as I generally put Gartman, but I do tend to be a bit wary of Hamm's self-serving interest in his remarks. Your mileage may vary. Quote Share this post Link to post Share on other sites