The overwhelming majority of U.S. shale companies were hit hard due to lower oil prices in the first quarter of the year. Just about every shale company that I keep track of suffered negative free cash flows in Q1 2019. This was quite a surprise as Rystad Energy claimed that the breakeven price for U.S….
SEA OF RED: Majority Of U.S. Shale Companies Took A Beating Q1 2019
