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Gold/Mining/Energy : Big Dog's Boom Boom Room

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evestor
To: Dennis Roth who wrote (185122)8/27/2014 9:31:21 AM
From: Dennis Roth1 Recommendation   of 206118
 
Shale oil and gas producers’ finances lift growth hopes
By Ed Crooks in New York August 26, 2014 7:26 pm ft.com
The independent oil and gas companies at the forefront of the US shale revolution have substantially improved their financial position – boosting confidence that the rapid growth in production can continue.

Cash earned from operations by 25 leading North American exploration and production companies is expected in aggregate to exceed their capital spending next year for the first time since 2008, according to an analysis by Factset for the Financial Times...

...Analysts’ consensus forecasts now indicate that the leading shale companies’ operating cash flows in 2015 will show an excess of about $2.4bn over their capital spending – compared with a shortfall of about $32.2bn in 2012, and $8.8bn last year...

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Another blow to the Ponzi scheme/Bubble theory.
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