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Msg  535585 of 550000  at  12/3/2023 11:56:36 AM  by

Naamkat

The following message was updated on 12/3/2023 11:58:01 AM.

 In response to msg 535568 by  Ed Ajootian
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Re: Saudi Arabia could 'flush' the oil market with a flood of supply to regain control ov

 
"It's pretty clear (to me at least) that the current austerity regarding cap ex spending by the US E&Ps has more to do with the oil price crash from the pandemic than the crash that happened in late '14."
 
Respectfully, Ed, I don't agree it was the most compelling reason (it certainly was a reason). 
 
More essential to the austerity in capex was investors wresting control of their companies from go-go managers and de-emphasizing production growth metrics in management compensation in lieu of more shareholder-friendly initiatives which then choked-off excessive field activities. 
 
Regards,
Naamkat 
 


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Replies
Msg # Subject Author Recs Date Posted
535589 Re: Saudi Arabia could 'flush' the oil market with a flood of supply to regain control ov W 5 12/3/2023 12:12:02 PM
535590 Re: Saudi Arabia could 'flush' the oil market with a flood of supply to regain control ov john47m 2 12/3/2023 12:12:46 PM




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