Stocks To Watch As Shale Bounces Back

There is no question that as the oil price dropped in the first quarter of 2020, producers reacted strongly curtailing new drilling, and actually shutting in existing production. Markets have taken encouragement from this withdrawal of supply and helped prices for WTI (the key U.S. benchmark) to a rally of historic proportions. Marketwatch As the price of WTI crested $30/bbl concerns began to mount that this would embolden drillers to put a bunch of rigs in the field and resume their ‘merry’ ways, drilling to soak up as much market…