Thoughts on E&P (Oil Exploration & Production Companies)

May 17th, 2016|by Michael Ashley Schulman, Perspectives, The Here and Now|

Champagne Oil

Some rough notes to help frame an outlook for E&P companies

The 2014 downturn in oil prices was caused by oversupply (not lack of demand); thus a correction of supply will improve prices

  • Oil supply/demand fundamentals will tighten through 2017
  • The incentive cost-curve for […]

Welcome to 2006

January 31st, 2006|by Michael Ashley Schulman, Greg Pellizzon, Perspectives, The Big Picture, Writers|

Welcome to 2006! January was a good month for most markets.

Several waves are propping a general tide of positive sentiment:

  • Market Optimism over the swearing in of Bernanke as the new Fed chief on February 1
  • Positive corporate earnings reports

Simultaneously, however, investor optimism is being tempered by:

  • Weak fourth-quarter GDP growth of 1.1%
  • Thought that the cumulative impact […]