Clearlead

Unconventional Energy Still Attractive - UBS

AEB makes excellent points, but even with gas trying to hold in the 7's on the Hub (or bottoming at in the 6's), alot of companies earnings projections are based on an average of 8, so I wouldn't take the $7.30 last week as dispositive, plus not all E&P companies will end up hedging ineffectively as may be the case with CHK. That said, I think AEB is dead on with respect to the overpayment for leases/deals. So kudos to AEB for a great post on a rather weak article.