How To Play The Imminent Rebound In Oil Prices

In my last column, I pointed out the lockstep insanity being
followed by US oil companies in increasing production, no matter
whether or not the end product was profitable in today’s depressed
oil market. Happily, I was also seeing an end to that destructive
strategy, with several independent E+P’s guiding lower on
production and cutting capex yet again. I won’t replay last week’s
column in its entirety. But now that oil is showing real signs of
being ready to break out of its 2017 range, what oil companies do
now will really…

In my last column, I pointed out the lockstep insanity being
followed by US oil companies in increasing production, no matter
whether or not the end product was profitable in today’s depressed
oil market. Happily, I was also seeing an end to that destructive
strategy, with several independent E+P’s guiding lower on
production and cutting capex yet again. I won’t replay last week’s
column in its entirety. But now that oil is showing real signs of
being ready to break out of its 2017 range, what oil companies do
now will really…