Quote:
Originally Posted by nik-
Just remember that the quicker it goes up, the quicker we get to the point that shale producers #### it all up again.
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I disagree.
Commodity prices have been low enough for long enough that material damage has been done to balance sheets.
There will not be an immediate resurgence of rigs and shale producers. The capital isn't there. Companies will focus on repairing their balance sheets, and a slow ramp up in rigs is more likely, IMO.