Quote 2 – 23 February 2015
[Following up on last week’s Quote”] “Goldman Sachs doesn’t seem to be cluing in to Continue Reading
Quote – 23 February 2015
“Maybe a month ago was the first time that I ever saw the price really Continue Reading
Quote – 16 Feb 2015
“The decline in the U.S. rig count likely remains well short of the level required Continue Reading
Quote – 09 Feb 2015
“The U.S. growth story has been central to the oil market story. In a few Continue Reading
Quote – 02 Feb 2015
“The problem is that the US shale sector in aggregate is still not free cash-flow Continue Reading
Quote – 26 Jan 2015
“We spent a lot of money to go out and drill and use new technologies Continue Reading
Quote – 19 Jan 2015
“You can never have an agreement whereby everybody cuts production. We can’t trust all OPEC Continue Reading
Quote 2 – 12 January 2015
“Sweet crude from the Bakken fetched less than $32 per barrel on Jan 6, and Continue Reading
Quote – 12 January 2015
“Saudi Arabia and their allies have been very clear about not giving up market share. It’s Continue Reading
Quote of the Week – 05 Jan 2015
“If prices go down, we are going to cut back to save our wealth—which is oil in the ground. I’ve seen this six or seven times. We have ample liquidity, our total revolver available, no near-term debt, a lean organization with just 1,100 people, production of 200,000 barrels per day, and a low-cost, high-margin operation. We’re going to navigate right through it.”
— Bravado from Harold Hamm, CEO Continental Resource.