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Old 06-23-2019, 06:29 PM   #1056
ggies
Sugar Will '04
 
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Join Date: Jun 2005
Location: Dallas, TX
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Quote:
Reported spending outweighed income for a group of 29 large public shale gas companies by $6.7 billion in 2018, bringing the group’s 2010 to 2018 cash flow to a total of negative $181 billion, according to a March 2019 report by the Institute for Energy Economics and Financial Analysis.
Quote:
“Really indicates to me that there's a lot of these companies that still don't get it,” he said. “They still think they're gonna earn 40, 50, 60 percent returns on their investment, even after six years now of saying that and getting negative returns.”
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