RE:An oil boom that barely benefits its service sector The recovery of the service sector of oil and gas lacks substantially. This probably explains what happened to Enterprise's SP, very little to do with management.
jcw604 wrote:
Oil booms typically spark a chase for higher production -- but not this time. All five supermajors have kept their capital expenditure budgets firmly in check and pledged that this discipline will hold in future years -- even as oil prices have closed above $100 a barrel on all but five days since Russia invaded Ukraine in February. With wells naturally declining in production every year and large projects taking half a decade or more to come online, any expansion lag happening now will push the possibility of new production even further into the future.