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"Sub-$100/barrel Oil Never Again" Explains Oil Analyst Shubham Garg

Mining Stock Education

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The Shale Bear Argument

The shale, the shale bear faces is still not fully agreed upon, but the data is coming out. Some of the companies are struggling with higher decline rates. Their tier one acreage is getting exhausted. The internal cost inflation and the supply chain issues are creating headwinds. There's a lot of seismic activity in the shale acreage that's now getting to the hard magnitudes where people start getting hurt. But when I look at the risk reward factors on the bear versus bull side, I think there's an awful lot of factors that are going to push the price upwards as opposed to downwards.

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