As far as Eric Nuttall is concerned, he and his peers have more sway with shale producers in the United States than the American president.
"There's still meaningful constraints on labour, but the biggest constraint are guys like me saying, 'We've just endured 10 years almost of misery. Now it's our turn to get rewarded and paid for our patience and we're gonna get rewarded with meaningful buybacks and we're gonna get rewarded — more importantly to us —with very, very juicy dividends,'" said Nuttall, a partner and senior portfolio manager at Ninepoint Partners LP, in an interview Friday.
There's broadly been restraint in the last few years among U.S. shale producers whose"drill, baby, drill" mantra once saw them battle with Saudi Arabia and other major oil-producing nations for market share. Some of that restraint has been chalked up to a gun-shy approach after oil prices collapsed. But cost inflation and some significant debt burdens have also played a role.in March 2021 after a meeting of the OPEC+ nations that were motivated to exercise restraint.estimates U.S.
“They got castrated in 2016, they got slaughtered in 2020, and then they got demonized for ruining the environment after that. Why would you do anything to help the people that hate you?" Smead Capital Management chief investment officer Bill Smead
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