Hints and tips:
...Or as Raoul LeBlanc, a vice-president at S&P Global Commodities Insights, told Myles: “Everyone built out the pipeline infrastructure for the shale revolution....
...“[The market] went up to test where some poor consumer can’t afford this anymore — and I think we found this at around $120 [a barrel],” says Raoul LeBlanc, vice-president for North American unconventionals...
...Oilfield services companies are “healing from their near-death experience in 2020”, said Raoul LeBlanc, an analyst at S&P Global....
...LeBlanc said the “highly unusual” situation means some of the largest shale companies “could theoretically buy themselves back entirely in less than five years”....
...And they have the cash to do it,” said Raoul LeBlanc, vice-president of upstream at S&P Global Commodity Insights....
...“It’s a tsunami of cash,” said Raoul LeBlanc, head of S&P’s North American oil and gas division. “The companies have almost finished the balance sheet repair.”...
...So there is an abundance of steel — rigs, generators, pumps, trucks — around,” LeBlanc said....
...If you get it wrong, you get hammered,” said Raoul LeBlanc, a vice-president in IHS Markit’s unconventionals team. “They missed the boat this year.”...
...“There’s a general sense that they’re winning by letting the price go up and bail them out,” said LeBlanc....
...But the “dry powder”, as PE groups refer to investors’ capital, has diminished and the same “war chest mentality” is not evident in this recovery, according to Raoul LeBlanc, head of North American unconventionals...
...Producers “have been preparing for actions of this type, because it was very well telegraphed,” said Raoul LeBlanc, a vice-president at IHS Markit....
...“I think they lose discipline and they probably bring on too much growth, and damage the market again — like they did every year in the past,” says Mr LeBlanc. “They’re in a prisoner’s dilemma....
...I think they’ll be able to build some value instead of constantly trying to dig themselves out of a hole,” LeBlanc said....
...(Derek Brower) Is 2020 over yet? Like almost everyone else, those in the energy sector will be happy to put 2020 in the rear-view mirror....
...Michel Leblanc, chief executive of the Chamber of Commerce of Metropolitan Montreal, said he was not hearing criticisms from local businesses of the government’s approach....
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