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re: Thoughts on the Oil & Gas sector
Posted on 6/30/17 at 11:13 am to FunroePete
Posted on 6/30/17 at 11:13 am to FunroePete
I missed what may be the actual bottom, but this retread lower has intrigued me as I've watched a few of these companies for a little while and actually do own one of the more depressed companies. I have a small stake in CHK as they got themselves into quite a mound of debt before and during the bottom in oil, but I believe in the comeback strategy and they are more exposed to Nat gas than oil. They also appear to be the most efficient of the drillers.
This post was edited on 6/30/17 at 11:26 am
1
Posted on 6/30/17 at 11:56 am to DabosDynasty
I am in DW in GOM, I wouldn't be surprised to see it touch the 30s next yr. Trying to make my way to land or thinking of getting out all together, holding tight for now.
I love O&G but anyone coming out of school would be taking a big chance on trying to make it a lifetime career.
I love O&G but anyone coming out of school would be taking a big chance on trying to make it a lifetime career.
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