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Kuppy
@hkuppy
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May 3, 2023
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Great thread. It’s why oil capex is rapidly shifting offshore👇👇
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May 3, 2023
assume $PXD is representative of the marginal oil producer (fairly accurate) given the *hyper* short duration of shale oil wells, continuing to drill destroys shareholder value vs. keeping it in the ground drilling w/ hyper decline rates = illusion
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Twain's Mustache
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