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A History Of Shale Pessimism: “Always With You It Cannot Be Done”

June 14, 2019

Via: Forbes

Recent reports about bankers’ demands that shale producers not increase upstream expenditure have caused some to be pessimistic about the outlook for shale production, up to and including last month’s “Shale Boom about to go Bust.” Other stories have emphasized the poor financial performance of the sector, such as “A Gusher of Red Ink,” suggesting that shale is generally unprofitable and urging caution on investors.

(Of course, as Robert Rapier points out, some appear to be using an incorrect measure of free cash flow by not treating depreciation and amortization as historical, not current, costs.)

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