Any thoughts on CHK here? …Even though there has been more coverage of the controversial "fracking" technique in recent weeks that may generate some knee-jerk action in Congress, I believe it's a remote possibility that the industry would not be able to limit damage to keep shale drilling economically viable.
I do not follow CHK closely, but I concur with your assessment above—provided that no one does something totally reckless that causes an environmental disaster somewhere.
Potential U.S. climate policy actions could tilt the scale towards NG over coal in the near future.
I doubt this will happen to a material degree anytime soon. The NG industry is still making its case to clueless politicians (#msg-40686718), and the message will take some time to sink in, IMO. Regards, Dew
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.