Chesapeake Drilling For Oil
Interesting to see Chesapeake Energy (CHK) drilling for more oil. The CEO has a great point that if they have a huge find in natural gas it will cause spot prices to decline, but if they hit it big in oil the spot prices won't be impacted. More signs of how their success in drilling has impacted the prices they sell the product since they haven't been able to provide for more outlets to absorb the additional production.
Great point on coal, but it doesn't appear to be in the works. We're still a bigger bull on coal since its more of a global demand story then the domestic natural gas.
Aubrey is a great interview as always:
Great point on coal, but it doesn't appear to be in the works. We're still a bigger bull on coal since its more of a global demand story then the domestic natural gas.
Aubrey is a great interview as always:
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