its not an "investment strike" (???) its finally showing some fucking discipline not to lever up to the eyeballs so they can have another decade long drilling bonanza As recently as Jan. Fitch was saying E&P could account for 1/3rd of HY defaults in '21! https://twitter.com/mattyglesias/status/1443985768616185857 …
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it was only in March that we even started to see press about "fending off bankruptcy" this is not an industry that is primed for growth, nor should we want it to be if we intend to meet anything resembling our climate goalshttps://www.ft.com/content/03173caa-2622-4e68-bbaf-b6e56d856042 …
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Replying to @brrrzooka
more and more people are saying it, and you're hearing it all the time
10:50 AM - 1 Oct 2021
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