Chesapeake Energy Is Broke

Spending money before it is produced is becoming a common theme for Chesapeake Energy (CHK) management. It does not seem to matter if the company has a bargain basement deal or an expensive one-time deal. Management is always there with cash-in-hand ready to spend....
War With Iran And Oil Prices

War With Iran And Oil Prices

From our friend and colleauge regarding War with Iran and oil prices: While rhetoric around and from Iran has taken a short break, Saudi Arabia’s hawkish Crown Prince Mohammed bin Salman is making moves designed to confront Iran. This week, it was reported that...

Frack Sand Miners Plunge

  Frack sand miners plunged in yesterday’s trading, as investors worried about a possible glut of the special sand after a major supplier announced construction of a major new plant in the Permian Basin that would use regional sand On Thursday, privately...

Halliburton To Make Major Purchase

Where have I seen this before? If you have not heard by now, Halliburton (NYSE:HAL) is reportedly close to reaching a deal to acquire Norwegian oil services company Aker Solutions or its key subsea unit. This would be a sizable purchase. Now I know what it reminds me...

Oil and Energy Company Leaders Fear Market

 “Efficiency” is being stressed this week by oil company leaders. They worry about how too much of a good thing could turn out bad. What were are talking about is too much production. From Exxon Mobil’s (NYSE:XOM) Darren Woods to Statoil’s...