Capital-intensive businesses have had a free ride for the last decade and a half as regards interest rates on their debt. Many have funded capex for expansion, and generous dividend/distributions through bond sales and other forms of debt. Petroleum pi...
As expected, Devon Energy (NYSE:DVN) was hammered by the market on the release of earnings, which missed analysts' EPS estimates by $0.09 and modestly exceeded revenue by $6.6 mm. They then committed two unpardonable sins. First, raising the 2023 capex...
This article is intended to provide an update on one of the key trends I highlighted in my last OilPrice article on shale output in November. In that article, I discussed signs of maturing of the drilling inventory. Meaning that the number of Top-Tier ...