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
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Guys like me' are why U.S. shale is ignoring Biden: Eric Nuttall - BNN BloombergAs far as Eric Nuttall is concerned, he and his peers have more sway with shale producers in the United States than the American president.
Read more »
'Guys like me' are why U.S. shale is ignoring Biden: Eric Nuttall - BNN BloombergAs far as Eric Nuttall is concerned, he and his peers have more sway with shale producers in the United States than the American president.
Read more »
Browbeaten U.S. stock bulls wilt in the face of rising Fed hostility - BNN BloombergIn retrospect, bulls should maybe have been more worried that one of the most reliable tools the Federal Reserve has for subduing inflation is to scare the U.S. equity market. They’re getting the message now.
Read more »
Amazon closes, abandons plans for dozens of U.S. warehouses - BNN BloombergAmazon, determined to reduce the size of its sprawling delivery operation amid slowing sales growth, has abandoned dozens of existing and planned facilities around the U.S.
Read more »