/biz/ - Business & Finance

Anonymous Sat Dec 17 00:09:38 2022 No.52904798 [View]
File: 38 KB, 791x382, BHRigCount.jpg [View same] [iqdb] [saucenao] [google]

>>52904357
>They're undervalued
interdasting. They are undervalued if there is strong demand for..well services. Looking at the baker hughes rig count, see pic, looks like a notable increase from last year. I recall Biden was not cooperating with US big oil and said they would not increase capex until they had better long-term support from the Biden admin. Not sure that has changed. Even with high prices last year, they did not promise major increases for supply. What exactly are you looking at to develop you humble opinion?

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