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by Jim Colburn Leave a Comment
This is from the CEO of Devon, David Hager, via CNBC:
“Now you’re starting to see the decline, and I believe you’re going to continue to see the decline as you move through 2016,” said Devon Energy CEO David Hager to an audience at the annual IHS CERAWeek energy conference this week.
“Right now to summarize it: $30 and $2 does not work — $30 oil and $2 gas,” he said. “Most of us are in place to make sure we can survive, and make sure we are in place when it turns.”
Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.
Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.
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