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Two questions: — I thought US shale break-even is between $45 and $55, is that correct? — What's your opinion on how long until the debt starts imploding with
by TooSmugToFail 7y ago
Two questions:
— I thought US shale break-even is between $45 and $55, is that correct?
— What's your opinion on how long until the debt starts imploding with the US shale producers?
Cheers,
S
- mordymoop 7y ago“US Shale” is many plays, each play having sweet spots, so breakeven is a range, not a fixed number. Some areas still look okay at $30 but not many. US shale producers have already started imploding, you can see it in the stock prices and the cessation of drilling.