This isn't directly related to this post, but it's so relevant to your philosophy that everyone deserves a chance at secure cheap energy that I wanted to just go ahead and post it to you:
"But there are also companies with existing diversified, non-shale business models that have generally been out of favor during the shale revolution that are likely worthy of a fresh look." What a teaser! I sure would like to know who you think those companies are given what may be a short runway for remaining high ROI shale production as the industry churns through the top tier acreage.
Great article ...again !! Thanks 👍..Do you have a glossary of terms somewhere we might reference for the not so knowledgble? Eg Full cycle ROCE etc.. Thanks
Great post Arjun! Would be very interested to see a future post on your suggestions for diversifying CapEx for those companies who think "shale is the only game in town". Given the problems with financing, insurance you've mentioned in past posts, how many opportunities with long lead times are there which company management (and their investors) will be willing to put CapEx into? I realize that it will be a case-by-case decision for most companies, but perhaps you can generalize on what you see as the best opportunies for longer term projects and where they will be located in the world? Also I would imagine that the breakdown of the existing global order might impact such future decisions by U.S. oil majors (i.e. keep investments in the perceived zone of U.S. influence).
This isn't directly related to this post, but it's so relevant to your philosophy that everyone deserves a chance at secure cheap energy that I wanted to just go ahead and post it to you:
https://twitter.com/JusperMachogu/status/1642391693075836928
"But there are also companies with existing diversified, non-shale business models that have generally been out of favor during the shale revolution that are likely worthy of a fresh look." What a teaser! I sure would like to know who you think those companies are given what may be a short runway for remaining high ROI shale production as the industry churns through the top tier acreage.
Great article ...again !! Thanks 👍..Do you have a glossary of terms somewhere we might reference for the not so knowledgble? Eg Full cycle ROCE etc.. Thanks
Great post Arjun! Would be very interested to see a future post on your suggestions for diversifying CapEx for those companies who think "shale is the only game in town". Given the problems with financing, insurance you've mentioned in past posts, how many opportunities with long lead times are there which company management (and their investors) will be willing to put CapEx into? I realize that it will be a case-by-case decision for most companies, but perhaps you can generalize on what you see as the best opportunies for longer term projects and where they will be located in the world? Also I would imagine that the breakdown of the existing global order might impact such future decisions by U.S. oil majors (i.e. keep investments in the perceived zone of U.S. influence).
I have gone through the five stages of grief with shale. I am heavily weighted to Canadian names...