I think we've hit bottom.
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Democrat new president will make fracking over regulated and tax breaks for big oil no more, kill the oil and gas business like coal. No rigs and fracking strong headwind in future.
yes, we have reached the bottom, agreed. now we may have to sit here awhile and stew in our own filth.
On the way down again. Idiot investors and irresponsible operators taking their money and spending it as soon as it comes in. Rig count in North America has gone up when there is still a massive worldwide glut. This seesaw effect could go on for a long time. Oil price up, rig count up, production up, further glut, oil price down, rig count down, production down, oil price up.......you get the picture.
.....not to mention the money being borrowed to pay dividends.
Ohhhh wise Dave !
Please feed us some more.. ..lol.