OPINION

Slugcatcher and the temptation of rising cash flows

SPARE cash, something the oil industry hasn't seen since mid-2014, is making a return courtesy of higher prices and lower costs, but if it feels good in Australia then Slugcatcher suggests you wait for later in the week when there could US$17 billion more reasons to smile.

Slugcatcher

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Five global oil majors are forecast to have generated that amount of free cash flow in the first three months of the year, and if that sounds like a big number consider what it means when annualised:...

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