Rig Count

You Can Ignore The Rig Count Decline

When rig counts have fallen ~25% and your still producing record amounts of oil, a weekly decline of a few rigs is meaningless

Q3 2019 hedge fund letters, conferences and more

“Davidson” submits:

In the face of a 25% fall in the Baker Hughes/GE Rig Count, US Crude Production rises to 12.9mil BBL/Day. This speaks to the enormous strides the US energy industry has taken to reduce costs through prudent application of technology and adjustments to operating procedures. The broad trends of increasing exports of Refined Products(13% growth) and crude oil continue, while crude imports are gradually replaced by domestic production.

Rig Count


X
Saved Articles
X
TextTExtLInkTextTExtLInk

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Are you an intelligent investor?

ValueWalkPremium is a website and newsletter for smart investors like yourself. We focus on the latest hedge fund industry news much of which is not in the public domain and obtained via our sources.

We also have 10 years of resources on how to use this information to better your investment process.

Sign up for  today for only a few dollars a day and get a 3 day no obligation trial with a targeted 20% discount coupon code.

Cancel anytime during trial and you are never charged.

Limited time offer: For first 50 subscribers

0