DLS 0.00% 69.0¢ drillsearch energy limited

Bit old but it doesn't paint a pretty picture for the...

  1. 11,185 Posts.
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    Bit old but it doesn't paint a pretty picture for the sustainability of natural gas production from US shales.

    http://wolfstreet.com/2015/08/24/whose-capital-is-getting-destroyed-in-us-natural-gas-chesapeake/

    By the way the share price of Chesapeake has risen about 19% since it made its low the day after this article was written.

    Just a matter of time before the capital squeeze on the shale industry in the US brings the price of oil up again. Hope however the same event doesn't crash the markets or help kick off a recession in the US. That wouldn't help our cause very much.

    Eshmun
 
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