Co-produced with Trapping Value
The current environment is hostile to oil and gas producers. As we write this, front end West Texas Intermediate Futures are diving to under $12/barrel and we have started seeing negative prices in different grades. We did break down the macro view on oil recently and suggested that we had a more bullish outlook longer term, but had zero hopes that an OPEC deal could rescue the front end of oil futures.
The low prices claimed another victim recently and that's one we will be discussing today. CorEnergy Infrastructure Trust, Inc.