XOM - EOG May Be One Of The Last Few Shale Producers Standing By The Time The Crisis Is Done

Oil prices have recovered nicely since the bottom reached in March of just under $17/barrel for WTI. We are currently at over $38/barrel, which is more than double from the lows we saw this year. It is nevertheless not nearly enough to sustain the shale industry overall and we may yet see another crash in prices this year and perhaps even next year, depending on how the pandemic will progress and on how the global economy will deal with the damage. Few shale producers can withstand the current oil price environment, which is why we

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