Why U.S. Shale Companies Are So Undervalued ...Middle East

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Why U.S. Shale Companies Are So Undervalued
In search of higher prices, shale oil producers have reined in upstream capex over the last couple of years. Before 2019 they were focused on ever-increasing incremental production growth, and often bragged about their year over year Compound Annual Growth Rate-CAGR, in investor publications. No more. The oil price crash of 2020, having led to near bankruptcy scenarios for some of them, has initiated a much more austere mindset in the boardrooms of many companies. Many are heavily laden with legacy debt from those free-wheeling days of…not…

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