Breakeven price, lifting costs, API gravity...WTF?
It seems that the best companies in this environment of range bound oil prices are midstream oil services.
Agree. They are relatively immune to oil price fluctuations. This is not to say they are not volatile. The point is that midstreamers follow their cycles. Tanker market is an illustrious example.
It seems that the best companies in this environment of range bound oil prices are midstream oil services.
Agree. They are relatively immune to oil price fluctuations. This is not to say they are not volatile. The point is that midstreamers follow their cycles. Tanker market is an illustrious example.