Ovintiv Q2 2020 Results
Why didn’t we pursue this strategy BEFORE the crisis? Harry Hindsight with his take on OVV’s Q2 results. Continue reading
Why didn’t we pursue this strategy BEFORE the crisis? Harry Hindsight with his take on OVV’s Q2 results. Continue reading
Washington Brief: the latest Biden energy plan announced yesterday is essentially roll up of the AOC/Bernie Sanders Green New Deal and Nancy Pelosi’s recent HEROES Act, not passed by the Senate, which represent huge – multi-trillion – US$ government spending. Intelligence from Washington: if the Democrats sweep in November, it’s happening. Intelligence from Washington: will the Democrats sweep in November? Yes. These are opinions based on public facts, but informed and respected opinions. Meanwhile, also […]
Well, there goes another bankruptcy. Hi Crush ($HCR), the Frac sand play has filed with some $500m in debt. As readers of the Sunday Sankey yesterday https://www.sankeyresearch.com/2020/07/12/sunday-sankey-7-12-20/ can see , the collapse in US E&P activity has been extraordinarily severe in terms of rigs, and equally severe in terms of Frac Spreads. Running at 350 crews as recently as Mid-January 2020 (see chart below), by May 2020 spreads dropped below 50 and currently stand at […]