Re: Notes from Enercom - hope they are helpful - production trends
"APA growth production beginning in 2022 second half of year."
"PDC - Big drop oil production in 2020, starting to recover."
And it goes on and on...Lots of companies, while having been disciplined in spending lately during high oil prices, are slowly increasing production. The question is whether they will maintain the discipline if POO goes down. Hope they learned from past mistakes but I don't hold my breath. Cutting capex and production when the revenue drops is difficult when the management is incentivized by the production and revenue numbers.