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Nov 5, 2015
via Breakingviews

Shale drillers can do little more with any less

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Shale oil producers are doing more with less. Apache on Thursday became the latest U.S. driller to raise its production forecast despite sharp cuts to investment. Improved efficiency and falling costs have kept output resilient, even as companies struggle to make money from crude that sells for under $50 a barrel. Another big drop in price, however, would test the industry’s resolve.

Nov 5, 2015
via Breakingviews

Shale drillers can do little more with any less

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Shale oil producers are doing more with less. Apache on Thursday became the latest U.S. driller to raise its production forecast despite sharp cuts to investment. Improved efficiency and falling costs have kept output resilient, even as companies struggle to make money from crude that sells for under $50 a barrel. Another big drop in price, however, would test the industry’s resolve.

Nov 5, 2015
via Breakingviews

Shale drillers can do little more with any less

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Shale oil producers are doing more with less. Apache on Thursday became the latest U.S. driller to raise its production forecast despite sharp cuts to investment. Improved efficiency and falling costs have kept output resilient, even as companies struggle to make money from crude that sells for under $50 a barrel. Another big drop in price, however, would test the industry’s resolve.

Nov 4, 2015
via Breakingviews

Elon Musk turns Tesla rounding error into $2.5 bln

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By Kevin Allison and Antony Currie

The author are Reuters Breakingviews columnists. The opinions expressed are their own.

Elon Musk has just pulled off an impressive magic trick. Tesla’s chief executive managed to turn a rounding error in third-quarter vehicle deliveries into a $2.5 billion boost to his company’s market worth. It relied on some classic irrational shareholder exuberance to value a sliver of good news above an earnings miss. But as Tesla expands, that may prove harder to do.

Nov 3, 2015
via Breakingviews

U.S. election complicates Puerto Rico repair job

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

U.S. election-year posturing will complicate efforts to save Puerto Rico from a 2016 financial meltdown. The administration of President Barack Obama wants Congress to help the island out from under a $72 billion debt pile by passing laws to restructure the territory’s liabilities, create stronger fiscal oversight and tweak Medicare and tax credits. The measures make sense, but the timing is terrible.

Nov 3, 2015
via Breakingviews

U.S. election complicates Puerto Rico repair job

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

U.S. election-year posturing will complicate efforts to save Puerto Rico from a 2016 financial meltdown. The administration of President Barack Obama wants Congress to help the island out from under a $72 billion debt pile by passing laws to restructure the territory’s liabilities, create stronger fiscal oversight and tweak Medicare and tax credits. The measures make sense, but the timing is terrible.

Nov 2, 2015
via Breakingviews

Halliburton’s Baker Hughes bid looks less refined

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Halliburton’s plan to buy rival oil services provider Baker Hughes is starting to look less refined. The gap between the offer price and the value of the target’s shares suggests investors have serious doubts about the merger, currently valued at about $27 billion, getting done. Australian trustbusters raised fresh concerns late last month, following ones from the U.S. Justice Department over the summer.

Nov 2, 2015
via Breakingviews

Halliburton’s Baker Hughes bid looks less refined

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Halliburton’s plan to buy rival oil services provider Baker Hughes is starting to look less refined. The gap between the offer price and the value of the target’s shares suggests investors have serious doubts about the merger, currently valued at about $27 billion, getting done. Australian trustbusters raised fresh concerns late last month, following ones from the U.S. Justice Department over the summer.

Oct 30, 2015
via Breakingviews

Exxon pumps up position in world of cheap oil

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Exxon Mobil is pumping up its position in a world of cheap oil. The $340 billion energy giant stood firm despite sharply lower profit in the third quarter, avoiding the kind of writedowns and job cuts that overshadowed results at Royal Dutch Shell and Chevron. An iron-clad balance sheet and strong cash flow leave the world’s biggest private-sector oil producer primed to acquire assets as weaker rivals falter.

Oct 30, 2015
via Breakingviews

Exxon pumps up position in world of cheap oil

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Exxon Mobil is pumping up its position in a world of cheap oil. The $340 billion energy giant stood firm despite sharply lower profit in the third quarter, avoiding the kind of writedowns and job cuts that overshadowed results at Royal Dutch Shell and Chevron. An iron-clad balance sheet and strong cash flow leave the world’s biggest private-sector oil producer primed to acquire assets as weaker rivals falter.

    • About Kevin

      "Kevin Allison is global resources columnist at Reuters Breakingviews. Based in Chicago, he writes about oil, gas, mining, metals and the scramble for scarce resources. Prior to joining Breakingviews in December 2011, he worked at an investment bank. From 2003-2009 Kevin was a reporter at the Financial Times. He also wrote for the Lex column. Kevin holds degrees from Harvard University and the University of Missouri-Columbia. Follow Kevin on Twitter: @kevinallison"
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