British Petroleum Moves into Arkansas with Chesapeake Energy Shale Purchase [View article]
Why is it that analysts never ask the question, "Will this make any money?" Why is it assume that if a big company like BP thinks this is a good idea, it must be a good idea. Has anyone ever been to a party late? There's not much opportunity there, just cost.
Why do you think that Chesapeake is selling everything in sight? Because shale gas makes no economic sense whatsoever at less that $9.00/MMBtu wellhead price (for all the analyst types that no nothing about the oil and gas business, that means after transportation and processing costs, often $1.50/MMBtu).
Shale.com is the biggest scam since Subprime.com. When the music stops (as it has in the Barnett Shale), only the shareholder will lose...again.
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Why is it that analysts never ask the question, "Will this make any money?" Why is it assume that if a big company like BP thinks this is a good idea, it must be a good idea. Has anyone ever been to a party late? There's not much opportunity there, just cost.
Sep 03 21:39 pm
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All Comments by AEB »British Petroleum Moves into Arkansas with Chesapeake Energy Shale Purchase [View article]
Why do you think that Chesapeake is selling everything in sight? Because shale gas makes no economic sense whatsoever at less that $9.00/MMBtu wellhead price (for all the analyst types that no nothing about the oil and gas business, that means after transportation and processing costs, often $1.50/MMBtu).
Shale.com is the biggest scam since Subprime.com. When the music stops (as it has in the Barnett Shale), only the shareholder will lose...again.