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Permalink Reply by Krkyoldhag on October 19, 2012 at 2:45

Aubrey M has had a bad year...we watched as he came to the brink.  Who doubts that he will bring his company out of the abyss? 

I hope he is right about natural gas.  And I want to see gas back to pre Obama prices. But for oil to go that low would certainly be a game changer and upset a lot of balance sheets. He did put natural gas vehicles on the road in Louisiana; it lifts my spirits everytime I see one of them on the road.  Can he do that across the country?  Maybe.  I would not bet against it.

Just can't see without world crash how oil could drop that much.  I think ...if people see that we can supply our nation with oil that it might settle somewhere between $87 and $94.

Anybody out there got any ideas?

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Permalink Reply by MLE on October 22, 2012 at 4:14

CHK is nowhere near "the abyss."

Also, the Utica, especially where CHK has it's core leasehold, is primarily LNG and Oil.

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Permalink Reply by dingojoe on October 27, 2012 at 8:05

Reuters had an article recently about the lack of transparency of drilling in the Utica, though circumstantial evidence suggests it more of a gas play than oil, which is not what the drillers wanted

http://www.reuters.com/article/2012/10/22/us-ohio-shale-idUSBRE89L0...

Aubrey is a crackhead.  I don't think anyone would want the global economic conditions necessary to bring oil down to that level, unless you a doomer.  Don't know how he thinks CHK would make money at that price anyway.

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Permalink Reply by essay on October 27, 2012 at 10:26

HANG the operative word in what you wrote there is "voters"

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