I agree with you, the breakeven cost of shale companies is increasing. The oil price below $50 is not sustainable. See the link below.
https://oilprice.com/Energy/Crude-Oil/The-Permian-Boom-Is-Coming-To-An-End.html
$50-60 New Normal or U.S Shale Bubble?, page-654
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Last
$6.96 |
Change
0.135(1.98%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.95 | $6.99 | $6.93 | $11.47M | 1.649M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 16822 | $6.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.96 | 24948 | 22 |
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| Last trade - 11.00am 19/11/2024 (20 minute delay) ? |
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