Re: Gas companies cutting back
Watch the Utica Shale. If it is as wet(ngl) and oily as CHK claims, it will dwarf the Marcellus in importance. Methane will be a by-product of the ngl and oil wells and will further supply the dry gas market.
CHK and their CEO rely alot on hype. The state of Ohio is supposed to release well data in March. Then, we will know more.
I have a small investment in CHK and have done pretty good because I got in real low. The company has issues for sure. But, they could strike it big with the Utica.
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