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Goldman Sachs, in a note to oil industry investors

By on 18 Jan 2016 in quotes

“At our conference, producers largely did not provide specifics on what capex/ production would look like at $35/bbl of oil. Instead, producers spoke largely of their agility to spend within cash flow and … ramp up when needed. Commentary suggested $50 per barrel WTI is now where producers would raise activity.”

Goldman Sachs, in a note to investors

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