Jabbar + 465 JN December 19, 2019 (edited) Likes the companies with good balance sheets, 5% plus cash flow, and has low cost reserves. He likes EOG , Pioneer , Concho He was asked about increased productivity and yield , how that might increase shale production and thus supply in 2021 forward. Danced around the question . Didn't really answer. Said more consolidation 2020. Sounds interesting but not sure I buy it. Thesis based on slowing shale, lack of new replacement conventional and increase in 2021 demand. Funny thing about today's oil analyst, they're like weather forcasters. You only have to be right half the time. They often change their forcast . Notice they udually give broad generalizations regard anslysis . No depth to backup their reasoning. Edited December 19, 2019 by Jabbar Quote Share this post Link to post Share on other sites
AcK + 50 AK December 27, 2019 2021 is long time away for the fickle oil market. For now I am with Art - https://oilprice.com/Energy/Energy-General/Why-This-Oil-Price-Rally-Wont-Last.html Quote Share this post Link to post Share on other sites
Rob Kramer + 696 R December 27, 2019 5% free cash flow is decent for the overall market or for a dividend but for oil companies that's low. The oil company in Colombia I hold is PXT at today's price it's close to 30% fcf but should average this year at 19%. If you want a very clear presentation theirs is crystal. As for oil price analysts.... Warren Buffett says prediction is nothing building the ark is what counts. Quote Share this post Link to post Share on other sites