Reuters, New York :
Shale stocks have been hard-hit as investors see margins all but evaporating following the slide in crude oil prices, but the U.S. shale energy boom is not over.
An index of oil and gas exploration and production .SPLRCOILP tumbled 8.15 percent on Friday as U.S. crude CLc1 fell almost 10 percent to around $66.36 per barrel to hit its lowest in 4-1/2 years.
The slide came the day after oil cartel OPEC decided not to cut output in a meeting in Vienna.
Shale stocks have been hard-hit as investors see margins all but evaporating following the slide in crude oil prices, but the U.S. shale energy boom is not over.
An index of oil and gas exploration and production .SPLRCOILP tumbled 8.15 percent on Friday as U.S. crude CLc1 fell almost 10 percent to around $66.36 per barrel to hit its lowest in 4-1/2 years.
The slide came the day after oil cartel OPEC decided not to cut output in a meeting in Vienna.
