Can Anything Help Restore Wall Street’s Confidence In U.S. Shale? ...Middle East

OILPRICE - Economy
Can Anything Help Restore Wall Street’s Confidence In U.S. Shale?
source : OILPRICE ( Middle East ) () 22
Rallying oil prices are testing once again the U.S. shale patch’s resolve to spend within their means and prioritize profitability over production growth. U.S oil prices above $55 a barrel are also testing the patience of investors with American oil producers, and investor hopes that this time around shale firms will keep, for a change, their promises to stay disciplined in spending for drilling. The higher the price of oil, the greater the temptation to plow more cash into new wells.    The fact that U.S. oil companies are…

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