" Shale drillers will see production drop sooner than expected under a US government forecast, a momentum change that hints at an eventual price rally " -- quote from a an article posted in Bloomberg on 15/4/2015 at 7.24 am US time
" Wells extracting oil from dense shale rock experience 'hyperbolic decline rates', " said David Pitts, chief financial officer at Houston-based producer Carrizo Oil and Gas Inc. " The question on everyone's mind was would we see it in the second or third quarter, and I'm not surprised it's happening in the earlier part of that range "
"vintan: Shale out is falling faster than expected !
" Shale drillers will see production drop sooner than expected under a US government forecast, a momentum change that hints at an eventual price rally " -- quote from a an article posted in Bloomberg on 15/4/2015 at 7.24 am US time
" Wells extracting oil from dense shale rock experience 'hyperbolic decline rates', " said David Pitts, chief financial officer at Houston-based producer Carrizo Oil and Gas Inc. " The question on everyone's mind was would we see it in the second or third quarter, and I'm not surprised it's happening in the earlier part of that range "
i rather to have bad news. all the good news is pulling scomi down. i guess only the bad news will push it up. like what ppl says, buy on bad news,sell on good news
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Posted by bigfund > 2015-04-16 13:23 | Report Abuse
Bad sign