Energy Investing - Saudi Arabia could 'flush' the oil market with a flood of supply to regain control ov - Energy Investing - InvestorVillage


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Msg  535589 of 550000  at  12/3/2023 12:12:02 PM  by

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 In response to msg 535585 by  Naamkat
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Re: Saudi Arabia could 'flush' the oil market with a flood of supply to regain control ov

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.
 
 
As Charlie Munger used to say, you get the behavior you reward.  So if incentive compensation is based on production, you get growth.  If it is based on debt pay down or free cash flow, that is what you get. 


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