Locator: 44487B.
WTI: $69.09.
Monday, December 23, 2024: 32 for the month; 135 for the quarter, 663 for the year
- 40001, conf, Hess, GO-Hoyt-157-97-2833H-2,
- 35510, conf, Enerplus, FB Clinton 148-94-29B-32-8T,
- 35509, conf, Enerplus, FB Clinton 148-94-29B-32-7B,
Sunday, December 22, 2024: 29 for the month; 132 for the quarter, 660 for the year
- None.
Saturday, December 21, 2024: 29 for the month; 132 for the quarter, 659 for the year
- 37667, conf, BR, Nordeng 1B TFH,
- 40039, conf, Hess, BL-Hersel-156-95-0910H-2,
RBN Energy: oil producers appears unlikely to boost spending in 2025 on declining returns.
After languishing since midsummer, the share prices of U.S. oil and gas producers surged after Election Day on a wave of optimism that the sector would flourish under the new administration. However, stocks quickly gave up most of the gains on lackluster Q3 2024 results and a great deal of uncertainty about how — or even if — President-elect Trump’s oft-quoted goal to “drill baby drill” to lower energy costs would impact the strategies and results of the publicly traded E&Ps, especially the 15 major Oil-Weighted producers we cover. In today’s RBN blog, we delve deeper into the impact of the Q3 results of the oil producers on shareholder returns, cash allocation, leverage and capital investment, including the first announcements of 2025 budgets.
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