Barclays' Wai Says 2019 E&P Capex Cuts Need to Be 'Sticky'

The video discusses the financial performance of major oil companies, highlighting a disconnect between stock prices and oil prices. It explores the theme of capital discipline in the industry, with a focus on how companies are managing cash flow and capital expenditures. The discussion also covers opportunities in private equity due to shrinking public companies and the future challenges in the oil and gas sector, including the lack of new discoveries and the impact of geopolitical risks.

What was the cash flow generated by major oil companies in the fourth quarter?

• $43 million

• $43 trillion

• $43 billion

• $43 thousand

What has been the dominant theme for EMPs in recent earnings calls?

• Production increase

• Debt accumulation

• Stock buybacks

• Capital discipline

What is a significant change in the oil and gas industry regarding employment?

• Increased hiring difficulties

• Easier hiring due to company shrinkage

• Stable employment rates

• Increased layoffs

What is the expected impact of public companies not funding drilling?

• Decreased opportunities for private equity

• Increased opportunities for private equity

• Increased competition among public companies

• No change in opportunities

What is necessary for investors to regain trust in oil and gas companies?

• More stock buybacks

• Increased production rates

• Higher oil prices

• Material and consistent CapEx cuts

What has been the trend in oil and gas discoveries in the U.S. since 2014?

• Decreasing discoveries

• Moderate new discoveries

• No new discoveries

• Significant new discoveries

What has been the trend in the oil and gas sector's relevance compared to tech?

• Fluctuating relevance

• Increasing relevance

• Decreasing relevance

• Stable relevance