SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Think4Yourself who wrote (64800)4/17/2000 3:30:00 PM
From: jim_p  Read Replies (1) of 95453
 
I have never seen a year go by that the E & P's capital spending isn't equal to or greater then cash flow from operations. I realize that a lot of the smaller companies have been rebuilding their balance sheets, and some of the larger companies have been purchasing their own common stock, but soon 100% of cash flow will go to exploration and development.

Once the capital markets open, they will spend 100% of their cash flow plus whatever they can borrow. They always have and they always will.

Historical boom and bust cycles in the oil patch have been a function of capital, or the lack there of. There is either no capital available or to much. This cycle has no reason to be different that any other cycle.

Jim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News