Continental Resources And Diamondback Energy: Frackers Caught Between A Rock And A Hard Place

Summary

  • Frackers like Continental Resources and Diamondback Energy have recently shown significant capital restraint to avoid the mistakes of the past.
  • Russia is the third largest producer of oil in the world, producing over 10 million barrels of oil a day and supply disruptions could push oil prices even higher.
  • Frackers might be pressured into increasing their production but the silver lining is that they might do so at a time when production costs are well below oil prices.
  • I do much more than just articles at Inside Arbitrage: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »
Oil Or Gas Transportation With Blue Gas Or Pipe Line Valves On Soil And Sunrise Background

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Oil has been a roller coaster ride the last couple years with West Texas Intermediate (NYSE:WTI) Crude futures going from negative territory to over $95 per barrel as I write this. Futures opened close to $100 a barrel earlier today once it became

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This article was written by

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Asif Suria is an entrepreneur and investor with a professional background in technology and a focus on event driven strategies including: merger arbitrage, spinoffs, (legal) insider trading, buybacks and SPACs. Asif has been actively investing for over 20 years and sharing his ideas for the past 10.

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