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 factors contributed to the disconnect between oil prices and the stock prices of major oil companies over the last 24 months?

How have oil and gas companies responded to the challenges in maintaining cash flow and stock prices?

Discuss the impact of shale production on the oil market and its perceived effects on geopolitical risks.

What role does capital discipline play in the current oil and gas market according to the discussion?

What are the expectations for capital expenditures (CapEx) in the oil and gas industry moving forward?

How has the perception of the oil and gas sector changed in relation to technology stocks?

What are the implications of the lack of new oil and gas discoveries in the United States since 2014?