Will Investors Receive More Returns From US Shale Producers?
Zacks Investment Research | Jun 21, 2018 10:03PM ET
The sentiments of investors have changed drastically regarding businesses in the U.S. shale spaces. Oil producers are not in a position to give more focus on drilling in the domestic shale resources as investors are demanding further returns from the explorers, stated John Hess — CEO of Hess Corporation (NYSE:HES) .
Hess added that since 2017, investor’s current priority has changed to ‘show me the money’, from ‘drill, baby, drill’. Lower focus on production will eventually draw less money toward investment. This will be a serious concern as low long-term capital spending will further reduce production in the coming years.
Per our proprietary model, through 2017, the companies belonging to the Original post
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