December 6, 2016    1 minute read

Shale Companies Bullish

   December 6, 2016    1 minute read

Shale Companies Bullish

Financial services across the US are suggesting that US shale firms are hedging for oil prices above $50 a barrel in hopes to increase US oil production.

Editor’s Remarks: As expected, the OPEC deal to essentially freeze production is encouraging US shale oil to come back. The firms are securing future cash flows and sales to ensure returns at certain prices. They are hoping to satisfy the volume that OPEC is cutting. However, despite OPEC and Russia agreeing to a deal, concerns have simply been pushed back a few months to when the deal ends.

What to watch: Brent Crude, WTI, Baker Hughes Rig Count, OPEC Production

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