Seeking Alpha
  • Christopher Wallace
    Anyone heard of the Cline Shale? Bigger than Bakken? Could be the next big thing. http://on.mktw.net/11mRyeS DVN CPE CHK
    12/3/12
    Reply (4)
    • The_Hammer: only problem is NGL pricing has been collasping as everyone dropped dry gas and moved to oily plays
      12/3/12
    • Christopher Wallace: True enough on NGL prices but this is primarily an oily play. With op costs at 50% of Bakken. Crazy how little attention this is getting.
      12/3/12
    • The_Hammer: agreed that potential is there but even wti and differential various crudes against brent remains and the cos keep drilling like no tomorrow
      12/3/12
    • Christopher Wallace: Yup, full agreement. I think a decent pair trade is long DVN short USO. I have the DVN part on.
      12/3/12