An OXY tale. When E&Ps Deleverage, A Little Goes A Long Way

August 13, 2021

We don’t often write about specific companies because our newsletters are focused on the bigger picture. When the bigger picture is about COVID, Delta, monetary/fiscal stimulus, we certainly aren’t at a loss for topics week-to-week. Nonetheless with our ongoing oil theme, it’s illustrative to once-in-awhile point to a specific company and show how a slight increase in oil prices can translate to dramatic returns.