Thursday, May 17, 2018

Oil's at $70, but Frackers Still Struggle to Make Money

American shale drillers are still spending more money than they are making, even as oil prices rise. Of the top 20 U.S. oil companies that focus mostly on fracking, only four managed to generate more cash than they spent in the first quarter, according to a Wall Street Journal analysis of FactSet data.

from WSJ.com: US Business https://ift.tt/2rPCslp
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