In our Friday morning newsletter and a post on Thursday, we previewed this Friday and next Friday’s rig count releases as two of the most important to monitor all year.
We noted that the rig count surprisingly hadn’t fallen in reaction to crude prices and pointed out that if it was going to fall, now would be the time.
Well… it has now… in a big way. We discuss the drop and what’s next.
There’s a lot more to this story…
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feature image is our rig photo of the week from social media:
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