Oilprice.com journalist Nick Cunningham found some very interesting information collected by the Dallas Federal Reserve Bank. In a recent anonymous survey of US oil industry executives, the survey found that 41 percent of all firms expect to cut spending in 2020, while 34 percent expect to increase capex. The vast majority of companies are basing their 2020 budgets off of a WTI price between $53 and $56 per barrel.
U.S. Shale Struggles To Ride Out The Storm https://oilprice.com/Energy/Energy-Ge…
The responses on breakeven prices were also revealing. Only 41 percent of companies said that they could breakeven at $50 per barrel, while another 40 percent said they need prices above $55 per barrel.
In the comments section, there were a handful of themes that respondents kept circling back to: the lack of access to capital markets, financial struggles and consolidation in the services sector.
U.S. Drillers Rush To Hedge Production As Oil Prices Soar https://oilprice.com/Energy/Energy-Ge…
U.S. Oil Boom Suppressed Oil Prices In 2019 https://oilprice.com/Latest-Energy-Ne…
2020: The Year Of The Oil Bankruptcies https://www.zerohedge.com/energy/2020…
Banks Get Tough on Shale Loans as Fracking Forecasts Flop https://www.wsj.com/articles/banks-ge…
As Shale Wells Age, Gap Between Forecasts and Performance Grows https://www.wsj.com/articles/as-shale…
Please visit the Wall St for Main St website here: http://www.wallstformainst.com/
Follow Jason Burack on Twitter @JasonEBurack
Follow Wall St for Main St on Twitter @WallStforMainSt
You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt or the Wall St for Main St Facebook Group where you can learn and join in on the conversation!
Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wallstformainst
Also, please take 5 minutes to leave us a good iTunes review here! We only have about 75 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/w…
If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website.
Donate Crypto Currency to WS4MS:
Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC
Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a
Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4
Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ
Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S
Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch
Wall St for Main St is also available for personalized investor education and paid research work (we write research reports and teach). Please email us to learn more about the research work we offer at: email@example.com
**DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT