T. Boone Pickens Holdings Down Nearly 20% This Quarter [View article]
BP woulk not be paying CHK 1,9 bil for a 25% share of declining fields. They did their due diligence and CHK is simply using OPM to find more areage for future developement. Boone has been off on his timing but long term supply demand equation says higher prices. Wait until Putin shuts off Europeon gas this winter or when Israel drops a cookie on Iran.
T. Boone Pickens Holdings Down Nearly 20% This Quarter [View article]
They did their due diligence and CHK is simply using OPM to find more areage for future developement. Boone has been off on his timing but long term supply demand equation says higher prices. Wait until Putin shuts off Europeon gas this winter or when Israel drops a cookie on Iran.