RE: My concern with CHK are the assets, I have two
Posted on: June 11, 2020 at 21:04:14 CT
KC rules MU
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Chesapeake has a high cost of supply; a characteristic of a porfolio too focused on shale compared to conventional assets. They have to keep drilling to access PUD with shale and nobody can due that profitably when the price is $35/barrel. Conventional reservoirs can still produce at relatively low operating costs.
Edited by KC rules at 21:29:06 on 06/11/20