Office of Director of National Intelligence Key among the findings of the independent forensic investigations is the conclusion that the DNC data was copied onto a storage device at a speed that far exceeds an Internet capability for a remote hack. Of equal importance, the forensics show that the copying was performed on the East coast of the U. Thus far, mainstream media have ignored the findings of these independent studies [see here and here ].
Frack Now, Pay Later: A New Era In U. This is a sign of real desperation. From the Reuters story linked to in this post: And remember, most fracking companies are already levered.
Where exactly would the Halliburton loans sit in the capital structure? What happens in the event of bankruptcy as in what is their preference in liquidation?
By Nick Cunningham, a Vermont-based writer on energy and environmental issues.
You can follow him on twitter at nickcunningham1. Originally published at OilPrice With oil prices now dipping close to six-year lows, the energy sector is getting thumped across the board. The double-dip will likely cause fresh cuts to spending, drilling, and staff.
Last week, Baker Hughes reported a surprise uptick in the number of rigs drilling in North America, which jumped by 10 to for the week ending on August 7. Oil prices fell even further on the news, with both WTI and Brent dropping by 2 percent to close out the week.
Even though the additional rigs are a rounding error when compared to the 1, rigs that disappeared over the past year, the markets took the data as evidence that the supply overhang may not balance out in the near term, as new drilling could be taking place before oil production has appreciably declined.
Over the course of the last year, the companies that arguably suffered the worst were those whose business relies on drilling activity. Oilfield service companies offer rigs, drilling completions, equipment, and other services that actually allow drilling to happen.
When drilling slows down, their business dries up.
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They bear the brunt of a market downturn. The unprecedented crash in the rig count North America, notwithstanding minor gains in recent weeks, inflicted damage most acutely on these oilfield service companies.
With exploration facing a prolonged period of lower activity, a few service companies have come up with a novel, if desperate, approach to keep business alive. That is not always a preferred option for operators, who may not want to give up a share in the project and would simply opt for a conventional service contract.
However, for companies that are running low on cash and may start to see their credit lines shrink, paying later for drilling today sounds like a pretty good option. Refracking old wells is less expensive than fracking new ones, and while the volume of recoverable oil varies, some of the best refracking examples produce an impressive return.
That has wary operators unwilling to shell out the capital for something they are unsure of, especially now that they are safeguarding a shrinking pile of cash.
But Schlumberger is confident in the approach. In many cases, if we can select the candidates, prepare to foot the entire bill for the refracturing work and then get paid back in production.May 08, · MarketWatch live blogged the 22nd Annual Sohn Investment Conference, an annual event that raises money for pediatric cancer research and brings together top hedge fund titans who deliver their top investment ideas in a rapid-fire series of often market-moving presentations.
Gundlach Sees More Pain For Bond Bulls As HFs Make Exit (BB) (Business Insider) David Einhorn Slams Elon Musk In Q3 Investor Letter (ValueWalk) Steve Schwarzman on rise of Donald Trump (Business Insider) Buffett Tells Deputies to Supervise Newest BRK Business (Yahoo) What to Expect From Buffett’s 50th Anniversary Letter (Bloomberg).
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STOCKS CLIMB: Here's what you need to know. just slightly ahead of the 2, expected by strategists tracked by Business Insider. published a page presentation arguing that Yahoo.
Apple hires an ex-Microsoft exec to revamp its smart home business, and catch up to Google, Amazon.
Sign up for free newsletters and get more CNBC delivered to your inbox. CHART OF THE DAY: Which Tech Company Spends The Most On Advertising? "Here's The Presentation Where Jeff Gundlach Dares To Compare The US To The Roman Empire" "Lots of debt, lots of reasons." BrightBeam DMC on.
"A presentation by Business Insider CEO Henry Blodget.".