US Shale Will Not Bounce Back At Current Prices

This week starts with a refreshing call by Deutsche Bank (DB), which basically encapsulates my view on the E&P group. Notwithstanding the valuation issues in the group that remain significant, there continues to be ample evidence that $55 oil does not support production increases in either 2015 or 2016 for that matter.

Read more: http://tinyurl.com/oxccfxv