Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Chesapeake Energy Corporation

The Death Spiral

Is Natural Gas Dying at Chesapeake Energy Corporation?

Chesapeake Energy claimed to own oil and natural gas reserves that contained 1.448 billion barrels of oil equivalents on 31 December 2018. However, Chesapeake admits it had just 496,000 barrels of oil equivalents (496 mboe/d) in production on New Year’s Eve 2018.*

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