Its earnings season and time for the US shale oil industry to pull out the 'ol..."but losses were less than expected," thing again. In years past its been the go-to qualification for the main stream media and analysts to use when reporting bad financial performance. Remember, oil prices averaged nearly $70 for the year, well productivity was high, interest rates were low; those guys should have kicked some ass in 2018, just like the International Energy Agency said it would back last March.
Hess Corporation reports $4MM loss for 4Q18 and $252MM loss for the year but, as anticipated, here is the news by a Seeking Alpha "analyst;"
HESS MAY REPORT LOSSES BUT A TURNAROUND IS NEAR.