Shale’s last chance to win back Wall Street

Crude prices are up and America’s oil and gas producers are flush with cash. It’s making the sector hard to ignore for Wall Street, even for investors burnt badly by a decade of financial mismanagement in the sector.

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Even with oil prices seemingly closing in on $90 a barrel, the energy sector comprises a measly 3 per cent share of the S&P 500. The last time prices were at this level, in 2014, it was 9 per cent.
Even with oil prices seemingly closing in on $90 a barrel, the energy sector comprises a measly 3 per cent share of the S&P 500. The last time prices were at this level, in 2014, it was 9 per cent. (Foto: Håkon Mosvold Larsen/NTB)