Is the Shale Revolution Over?
Linn Energy (NASDAQ:LINE) tanks and new data questions the shale revolution
Written by Jeff Siegel
- Chesapeake Energy Corp (NYSE:CHK) has announced that it's unloading oil and gas assets in the Eagle Ford and Haynesville shales. Exco Resources (NYSE:XCO) is the buyer, and the price tag – about $1 billion.
- As I warned yesterday, Linn Energy (NASDAQ:LINE) investors were likely to feel the sting from a recently opened informal inquiry by the SEC. The stock sank nearly 20 percent, and while there may be a slight bounce this morning, I've already unloaded my position. The dividends were nice, but I'm just not a daredevil when it comes to this kind of stuff. I still like the company, but I don't like the risk right now.
- Think the shale revolution is here to stay? Maybe not. Energy analyst Keith Kohl dives into the uncomfortable world of decline rates, and you may not like what the data reveals. You can read more here.
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