Small Shale Stocks Lead Energy Rally Post OPEC Extension

Memories are short. Weeks ago, shale was supposed to be dead. Now they are back – the oil business is still longer-term business than donut toppings are. The flavor of the day is meaningless. OPEC+ must have higher prices to stage some sort of comeback. But as soon as they do that, they sprinkle steroids on shale. Catch 22.

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