Oil companies drilling in shale basins like the Bakken have cut back on spending to increase return to shareholders as oil prices are pressured, but investors are punishing the stocks anyway, since it is leading to lower production-growth forecasts.
Oil companies drilling in shale basins like the Bakken have cut back on spending to increase return to shareholders as oil prices are pressured, but investors are punishing the stocks anyway, since it is leading to lower production-growth forecasts.