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Trump wants to increase production of Shale Oil in the USA, but Wall Street may not let him achieve that.
The market's enthusiasm for increasing Shale Oil production is waning, while economic realities and investor pressures have become actual obstacles. According to forecasts, during Trump's second term, the total Crude Oil Product output in the USA is expected to grow by less than 1.3 million barrels per day, far below the increase of 1.9 million barrels per day during Biden's term.
Ovintiv's Strategic Asset Sale and Acquisition Moves
Ovintiv Closes US$2-Billion Sale of Its Uinta Basin Assets
Ovintiv Brief: Announcing Closing of Uinta Asset Sale
Ovintiv Announces Closing of Uinta Asset Sale
Wall Street Analysts Believe Ovintiv (OVV) Could Rally 28.36%: Here's Is How to Trade