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Started By
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Exxon Mobil...future movement?
Posted on 6/5/23 at 9:06 am
Posted on 6/5/23 at 9:06 am
3
Posted on 6/5/23 at 9:34 am to Screaming Viking
My assumption would be that the big money analyst and such have known about this for a little while and it's already priced into the stock so to speak.
Posted on 6/5/23 at 9:41 am to Screaming Viking
I don't think what they're announcing is some breakthrough technology.
Just like fracing technology improvements over the last 15 years, re-fracing technology improvements have been going on for 10 of those years. They're simply announcing that they are starting to balance re-fracs with net-new wells to diversify onshore recovery. Makes sense.
Just like fracing technology improvements over the last 15 years, re-fracing technology improvements have been going on for 10 of those years. They're simply announcing that they are starting to balance re-fracs with net-new wells to diversify onshore recovery. Makes sense.
Posted on 6/5/23 at 10:13 am to thegreatboudini
So....too late is the consensus. Should have assumed that. 
Posted on 6/5/23 at 12:12 pm to Screaming Viking
Consensus is governments around the world will continue to put the screws to big oil. Even if they’re making money they’ll have a reduced multiple.
So any big improvements in fracking costs or production will likely have minimum impacts.
So any big improvements in fracking costs or production will likely have minimum impacts.
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