Post by
Oldnagger on May 30, 2023 8:18am
Fewer permits in the Marcellus
It seems a lot of the nat gas drilling and fracking reductions will be in the Marcellus region. This is significant because the wells there are major producers
New shale permits issued for May 15-21 in the Marcellus/Utica took a substantial hit. There were only 12 new permits issued, down by more than half from the 26 new permits issued the previous week. Last week’s tally included 10 new permits for Pennsylvania, 2 new permits for Ohio, and no new permits in West Virginia. Last week the top receiver of new permits was a tie–Coterra Energy and Chesapeake Energy each received 3 new permits, with Coterra’s permits issued in Susquehanna County, PA, and Chessy’s permits in Bradford County, PA. Range Resources and Olympus Energy each received 2 new permits, and Southwestern Energy and EOG Resources each received 1 new permit.
Comment by
gonatgasgo on May 30, 2023 11:57am
How do I know this stock is about to rebound? Simple. I am about to capitulate. My return is in excess of 1000%...but it could have been better. As soon as I dump my shares, the stock will rebound. Good luck everybody.
Comment by
Oldnagger on May 31, 2023 1:16pm
C'mon guys , too funny !! Crew has a P/E of 2.5 You should switch to Nvidia with a P/E of 198 !!