Right now just about every major oil producer or services company is LOSING money.
For those in the know, I have a question.
What will change that, and will it change in light of oil prices staying the same or going lower?
Appreciate your well qualified opinion.
If they are losing money why are they putting more rigs in the field?
http://www.aogr.com/web-exclusives/us-rig-count/2017