Quote:
Originally Posted by Bill Bumface
Lots of shale producers have stated they'll be in growth mode at $45-$50. That's terrifying for us.
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I don't think that is quite true. They will frack already drilled wells at $45-$50. It definitely slows the recovery. Though by the same token Canadian heavy oil producers will due debottleneck and sustaining projects at 45-50 as well.