G'day, mooers! Check out the latest news on today's stock market! • Dow industrials close at a new record high • ASX slumps, Block hit by tech-sell off • Stocks to watch: Infratil, Strike Energy, Gold Resources - Moomoo News AU Wall Street Summary Tumbling technology stocks cast a pall over a trading day in which the$道瓊斯指數(.DJI.US)$ended at a new all-time high, showing how much sway a few giant technology f...
$WTI原油主連(2406)(CLmain.US)$$NovaGold Resources(NG.US)$Demand is up, but our ability to add supply is HIGHLY constrained. The two biggest problems are: Financing. It's very hard to get borrowers to invest in oil and gas right now, thus, any new D&C activity must be financed by free cash flow. Operating costs. Everything has gone up in price. A lot. I know it's a meme on here, but inflation is very real. Chemical costs, steel costs, hydrochloric acid costs, labor costs, all have gone up more than 15% this year. This heavily impacts our ability to D&C new wells and stay cash flow positive. Demand for WTI and NG hasn't decreased substantially from pre-pandemic levels. We are only going to see an even further crunch in prices as demand continues to remain constant and our ability to add to supply decreases.
NovaGold Resources股票討論區
• Dow industrials close at a new record high
• ASX slumps, Block hit by tech-sell off
• Stocks to watch: Infratil, Strike Energy, Gold Resources
- Moomoo News AU
Wall Street Summary
Tumbling technology stocks cast a pall over a trading day in which the $道瓊斯指數(.DJI.US)$ ended at a new all-time high, showing how much sway a few giant technology f...
Financing. It's very hard to get borrowers to invest in oil and gas right now, thus, any new D&C activity must be financed by free cash flow.
Operating costs. Everything has gone up in price. A lot. I know it's a meme on here, but inflation is very real. Chemical costs, steel costs, hydrochloric acid costs, labor costs, all have gone up more than 15% this year. This heavily impacts our ability to D&C new wells and stay cash flow positive.
Demand for WTI and NG hasn't decreased substantially from pre-pandemic levels. We are only going to see an even further crunch in prices as demand continues to remain constant and our ability to add to supply decreases.
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