And how long does this cycle take to play out? I would guess 1-2 years, but I have no special knowledge. Maybe others here do?
Right, so we're looking (hopefully) at noncore asset sales and further efficiencies to get us through. How long that combo can work is the question. I am guardedly optimistic.
Can someone with SA access please cut and paste the full contents of this article: "Whiting Petroleum Should Remain Compliant With Covenants Even At $30 Oil"?
"The massive builds in gasoline and distillate might curb any excitement about the surprise crude drawdown...," per ForexLive.
And a week later, same thing. This must bode well...does it have anything to do with the Baker Hughes rig count numbers today?