The last few months have been rough for shale oil stocks, with most big names declining by at least the mid single-digits. But for companies operating in the newer, less developed shale plays, such as the Wolfcamp Shale in Texas and the Tuscaloosa Marine Shale in Louisiana, this decline has been amplified. As domestic oil prices have dropped from about $100 to the low $90s, stocks operating in these nascent shale plays, where commercial viability is less certain, have seen their stock prices drop the most.
(click to enlarge)
This chart shows the decline of both EOG and Continental Resources, in red and yellow, compared with a much steeper decline from Rosetta Resources (NASDAQ:ROSE) in blue. EOG...
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