THE LONG VIEW— OR PATH TO NOWHERE

摘要

As an industry matures, it's not unusual for the pace of growth to moderate. For public E&Ps, who traditionally have been rewarded mainly for growth, this raises an issue. Will their investor base—often at pains to preach capital discipline to the energy sector—follow through with support if E&Ps shift gears from a growth mantra to a mix of moderate growth, dividends and stock buybacks?