Originally Posted by
killramos
It’s funny because they are two companies who sit on hilarious high ivory towers. Shell being... well shell. And Peridae with their model of supplying LNG that has never been frac’d (hilarious) to Europe.
I think the bonds are going to come, but only for new wells which won’t solve any of the real problems and punish the good companies disproportionately as you mention, probably makes less difference to the business than you might think because they act as assets on the balance sheet and lenders have gotten way way more aggressive cutting down bank lines based on ARO amounts anyway (liquidity stays the same). Just more wasted cash doing nothing on balance sheets at the end of the day though, and not a good use of capital.