Interesting.MAROON said:
Yep. They can try to increase CAPEX but they aren't getting lenders to support. And if they reduce their dividend to increase CAPEX their stock will get hammered. It would probably get hammered if they raise CAPEX and keep the dividend
That's kind of my point.MAROON said:
I understand what you are saying. Just seems like investors have been burnt so often by this sector and its past inability to live within cash flow. I guess if they can prove they are still within cash flow then they won't get dinged.
Quote:
The American Petroleum Institute (API) has reported a large 5.521-million-barrel draw in U.S. crude inventories, on top of the previous week's 11.486-million-barrel draw.
Analysts were expecting a smaller inventory draw of 1.429 million barrels for the week. The total number of barrels of crude oil gained so far this year is now in the red, according to API data, and there is a net draw in crude inventories since April of almost 50 million barrels.
CPDAggie10 said:
I should re-phrase it to more "capital discipline", even in higher price environment.
Like someone said, the stupid money from banks and lenders is not there anymore.
That usually gets you run off the rig if you get caught.Cyp0111 said:
i bet you dont see much rig action into year end.
Here's hoping anything but shale.one MEEN Ag said:
Saw an interesting graph that I can't remember where, while US land is sliding in rig count international rigs are booming.
So the loaded question about, 'Where will the next step up in supply come from?' is going to succinctly be answered with, 'everywhere but NAL.'
Will be interesting to see, the global market is just a few super major projects away from wiping out KSA's 1mm/d cut.
If you listen to transocean's quarterly calls they are screaming from the rooftops that nobody is building new offshore platforms and they've got nice ones in stock. Their stock price has moved accordingly.AgLA06 said:Here's hoping anything but shale.one MEEN Ag said:
Saw an interesting graph that I can't remember where, while US land is sliding in rig count international rigs are booming.
So the loaded question about, 'Where will the next step up in supply come from?' is going to succinctly be answered with, 'everywhere but NAL.'
Will be interesting to see, the global market is just a few super major projects away from wiping out KSA's 1mm/d cut.
I'm hearing rumblings of subsea starting to wind up.
one MEEN Ag said:
Saw an interesting graph that I can't remember where, while US land is sliding in rig count international rigs are booming.
So the loaded question about, 'Where will the next step up in supply come from?' is going to succinctly be answered with, 'everywhere but NAL.'
Will be interesting to see, the global market is just a few super major projects away from wiping out KSA's 1mm/d cut.
Or someone else is drilling their stuff.AustinAg008 said:
CVX only running 13-14 rigs in the Permian should is a good indication of efficiency gains the D&C side is seeing right now.
I still think we see rig / frac spreads continue to drop well into Q1 of next year.
Maybe they will bump Lawler up?Rustys-Beef-o-Reeno said:
Looney out at BP
Stock price immediately jumps 2%
Most CEO's are very good at multi-tasking!Rustys-Beef-o-Reeno said:
Yes
The British would like you to remember the times they ruled the world. So do the French. Americans shall not be on equal footing compared to the old world. They would, though, like to thank us all for working so hard so they can take a month off for summer.Owen Kellogg said:
None. I think I know what you're implying but enlighten us please.
Rustys-Beef-o-Reeno said:
Plot twist
Resigned over past relationships...
power of the P always wins.Sea Speed said:
P is undefeated all time.
