Stock market data: U.S. shale producers are a money-losing investment

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Shale firms are pushing U.S. oil output to record-shattering levels, but companies have prioritized spending on acreage and drilling. The data showed few producers generated solid returns, even as U.S. crude prices rose 28 percent in 2018 to an average $65.06 a barrel, from $50.79 in 2017….

An excerpt from IEEFA