Title : Big Oil To Bury Skeptical Investors -- Rystad Energy -- October 9, 2018
link : Big Oil To Bury Skeptical Investors -- Rystad Energy -- October 9, 2018
Big Oil To Bury Skeptical Investors -- Rystad Energy -- October 9, 2018
Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here.This was the top story over at Rigzone today. t's a Bloomberg story. It's an open-book test.
Headline: Big Oil to bury skeptical investors in cash piles. Data points:
- according to Bloomberg, investors still haven't forgiven oil companies for crude-price collapse four years ago
- oil remains at $80
- costs languish at an 8-year low
- 2018: oil companies will rake in as much extra cash as it did in the previous five years combined -- Rystad Energy
- one could liquidate Facebook and it wouldn't touch what oil companies will generate in free-flowing cash over the next three years
- international oil companies: could see free cash flow
-
- double this year
- to a record $175 billion
- rise again in 2019, to $200 billion
- stay around that level for least two more years after that
- Bloomberg cited enough concerns in the second half of the story to offset the first half
Thus Article Big Oil To Bury Skeptical Investors -- Rystad Energy -- October 9, 2018
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