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Slashing Costs Alone Won't Create a Future for the UKCS, Ref: Hurricane Energy

By Steve Brown | Friday 30 October 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Here's the thing, cutting costs is all well and good, indeed getting rid of waste and unnecessary expenditure is essential to create a platform for growth, but without growth, there is no future for the oil and gas business in the UK. Without growth then next year's production will decline and more costs need to be cut and the year after that even more, until one day the only option left is to shut everything down.

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