Service costs are the tell, not the barrel
Oilfield services traded at 57.11, -1.53% today. If you want to know what producers actually believe, watch what they are willing to pay to drill.
Free 4 min read
SLBXOM
Stock
OXY
OXY
Delayed
Notes mentioning OXY
3Diesel margins say more about demand than crude does
Crude prices mix supply decisions with demand. Diesel margins are closer to what trucks, farms and factories are actually using.
Free 2 min read
XOMOXY
Paying down debt moves value to shareholders one quarter at a time
A producer that uses its cash flow to repay debt is quietly shifting the value of the business from lenders to shareholders.
Free 2 min read