Good Ol’ American Shale
By Ebele Kemery, Portfolio Manager, Head of Energy Investing at J.P. Morgan Asset Management and Editorial Advisory Board Member, GCARD
American onshore oil companies have evolved over the last three years: they are more disciplined about leverage, capital deployment and acreage. Weak companies have collapsed or been acquired, leaving the sector much stronger than seen in decades. This article discusses the current shape of American shale producers as they emerge from one of the most dramatic oil price collapses in modern history.
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