Title : Another Open Book Test For Investors -- March 7, 2019
link : Another Open Book Test For Investors -- March 7, 2019
Another Open Book Test For Investors -- March 7, 2019
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Tectonic shifts.
Investors need to watch for these tectonic shifts. Some come but once in a lifetime.
For energy investors, one tectonic shift to watch -- IMO 2020.
The ExxonMobil investor day presentation continues to generate more news stories. I've posted several links in the past couple of days. Now, another one, from the Financial Times:
The big oil companies turned up late to the Permian party, but they are making up for lost time. ExxonMobil and Chevron, the two largest US oil groups, this week announced plans for spectacular production growth in the Permian Basin, the heartland of the US shale boom that stretches from west Texas into east New Mexico.
The Permian’s oil output has already shown prodigious growth in recent years: it has doubled since the summer of 2016, to 4m barrels a day, or roughly a third of total US daily production. The announcements from Exxon and Chevron were a signal that the boom would continue.
“It is quite a stunning development, in terms of the scale and the scope for acceleration,” said Lysle Brinker, an equity analyst at IHS Markit. “This Permian opportunity is something that these companies haven’t had for a very long time.”
Thus Article Another Open Book Test For Investors -- March 7, 2019
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