Keep An Eye Out For Shale “Write Downs”…
Big natural gas players are slowly announcing write-downs in expectations, a phenomenon that will most likely make its way through the whole sector. According to Bloomberg, “Energy companies have been struggling to adjust to lower prices since a glut in supplies from booming shale production deflated gas futures to a 10-year low this year. Producers have cut gas output, shifted drilling to look for crude and curtailed spending to compensate.”
Keep An Eye Out For Shale “Write Downs”… was originally featured in The Daily Resource Hunter. Check out the newest Daily Resource Hunter research video “The Price of Gas Explained”.
Article Title originally appeared in the Daily Resource Hunter (www.dailyresourcehunter.com) At the Daily Resource Hunter our approach to research is different. With our boots on the ground, we travel the world looking for the most lucrative resource opportunities and deliver them to you in a daily email newsletter. For more information visit us at www.dailyresourcehunter.com)
2012-07-27 14:28:06
Source: http://dailyresourcehunter.com/keep-eye-out-shale-write-downs/
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