Hamm Warns of 50% Slowdown in US Shale

[Marina Schwarz + 1,576]

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?"

 

[Tom Kirkman + 8,860]

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."

[Marina Schwarz + 1,576]

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.

[Tom Kirkman + 8,860]

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.