This is quite fascinating. It will be very interesting to follow.
It would be interesting to compare the same metric (free cash flow) in /for:
renewable energy sector; Amazon's first ten years; Tesla's first ten years; the federal government of almost any nation.
It's important to note that the blog is not an investment site. As I've said many, many times, I am inappropriately exuberant about the Bakken. The purpose of the blog was to better understand the geology and the strategies to extract unconventional oil, horizontal drilling and fracking vs vertical, non-fracked wells. I don't follow off-shore drilling at all, although occasional some posts on same. I post investment notes because "following the money" is probably the best way to track what's going on in any industry / sector.
ReplyDeletehttps://ieefa.org/wp-content/uploads/2020/03/Shale-Producers-Spilled-2.1-Billion-in-Red-Ink-Last-Year_March-2020.pdf
Some context
A more recent update from same organization here:
Deletehttps://ieefa.org/ieefa-frackers-continue-to-produce-positive-cash-flows-in-q4-2020-with-deep-capital-expenditure-cuts/.
This is quite fascinating. It will be very interesting to follow.
It would be interesting to compare the same metric (free cash flow) in /for:
renewable energy sector;
Amazon's first ten years;
Tesla's first ten years;
the federal government of almost any nation.
It's important to note that the blog is not an investment site. As I've said many, many times, I am inappropriately exuberant about the Bakken. The purpose of the blog was to better understand the geology and the strategies to extract unconventional oil, horizontal drilling and fracking vs vertical, non-fracked wells. I don't follow off-shore drilling at all, although occasional some posts on same. I post investment notes because "following the money" is probably the best way to track what's going on in any industry / sector.