Which 2 Northeast Drillers Does Wall Street Love the Best?
Wall Street is looking favorably on Marcellus/Utica drillers. Why? Because they're cutting back spending--way back. On average the eight largest drillers in the northeast are scaling back spending in 2016 by 51%. Good for the number crunchers--bad for jobs and economic benefits for communities. Collectively their stock price is up about 3% since the beginning of the year, while the S&P Oil & Gas Exploration & Production ETF is down 19%. However, there are two northeast drillers who are scaling back a little, but not nearly as much as the others. These two drillers believe they can keep drilling, and pumping, profitably in 2016. Which ones are they?...
To view this content, log into your member account. (Not a member? Join Today!)