Searching for Stocks with Skyrocketing Upside
U.S. Gas Rig Count: The count increased by 1 from a week ago to 186. However, the present gas rig count is almost 90% underneath the a lot of 1,606 arrived at at the end of summer time 2008. There have been 86 active gas rigs around-ago period.
OPEC and 11 non-OPEC players, including Russia, made the decision within the Vienna meeting on May 25, to extend the development cut deal by another nine several weeks. Thus, it’s an ideal here we are at shale players to improve production at the fee for OPEC, especially because oil is buying and selling way over the historic low-level arrived at last Feb. No question, U.S. shale producers happen to be gathering to grease patches because they try to sell the commodity at greater prices.
Jagged Peak Energy is anticipated to publish 295.4% greater revenues in 2017.
Rig Count Increases for The United States