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Natural gas names such as Chesapeake (CHK -1.4%), Petroquest (PQ -3.8%) and EOG (EOG -2.7%)...

Natural gas names such as Chesapeake (CHK -1.4%), Petroquest (PQ -3.8%) and EOG (EOG -2.7%) slump after experts say the Marcellus Shale gas boom will slow this year as drillers wait for pipelines to expand, new markets to develop and wholesale prices to rise. Hiring has tapered off, a big difference from recent years when production soared and companies spent billions on leases, well drilling and infrastructure.
Comments (6)
  • Mike Maher
    , contributor
    Comments (2482) | Send Message
     
    Shouldnt the stocks be up, if the drilling and hiring are going to slow down? Nothing new here.
    15 Feb 2013, 12:26 PM Reply Like
  • Bob Curtin
    , contributor
    Comments (67) | Send Message
     
    Thanks Mike, I am relieved to see that I'm not the only one who failed to connect the dots. CHK and EOG have significant resources outside of the Marcellus to keep them busy and PQ, last I knew, had no interest in the Marcellus.
    15 Feb 2013, 01:47 PM Reply Like
  • TGCFG
    , contributor
    Comments (49) | Send Message
     
    I would think it would be a great thing for the afore mentioned companies that the Marcellus Shale gas production will slow. Until demand starts to meet more of the supply, we need to take some NAT Gas off the market so prices will rise and this in turn makes those companies more profitable. This is probably a knee jerk reaction to the news or a second day continuation of Nat Gas selling off from yesterdays inventory figures. (Unfounded in my opinion!)
    15 Feb 2013, 02:55 PM Reply Like
  • kenminas
    , contributor
    Comment (1) | Send Message
     
    Wow! An opportunity of a lifetime for our country and our leaders can't even get off of dead center. Are they all brain dead.
    Don't get discouraged Boon, America needs you.
    15 Feb 2013, 04:06 PM Reply Like
  • THECHEMIST
    , contributor
    Comments (19) | Send Message
     
    I live in Ohio and they are not looking for gas in the Marcellus here but instead for OIL in the UTICA. And from what I hear they are finding it.
    16 Feb 2013, 04:48 AM Reply Like
  • gasanders
    , contributor
    Comment (1) | Send Message
     
    Windmills without power lines to hook them to the power grid...now lots of gas wells without pipe lines to the power plants. Great that the trains can still haul dirty ole coal to keep our lights on!!
    17 Feb 2013, 04:36 AM Reply Like
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