Jul. 16 at 4:31 PM
President Trump says
$64/bbl oil price is great & argued that such prices could help "stop wars," linking affordable energy to global stability.
Scotia: At
$55/bbl WTI, only the Permian generates >20% IRRs on a basin level.
Sustained price move to <
$60 WTI could trigger a notable reduction in D&C activity.
$USO $XLE $XOP $OIH