‘s The Oil & Gas Conference Day 2
The crowds are bigger this year than last. I guess I should not be surprised. A building on fire draws a crowd too. The test will be next year if oil stays at these depressed levels. I doubt if the crowds will come back to watch the smoldering ruins. We came to EnerCom looking for shorts and bargains. We have not been disappointed. Every producer is a short. There were two notable things today from Continental Resources, CLR, the biggest producer in the Bakken (North Dakota). CLR is increasing production guidance with reduced production cost and CAPEX. This theme is recurrent; … Read more