4 U.S. House Democrats Launch Witch Hunt Against Diversified Energy

Democrats play dirty. At least, four Democrats from the U.S. House Energy and Commerce Committee are playing dirty. On Monday, Diversified Energy, with major assets in the Appalachian region (including the Marcellus/Utica), began to trade its stock on the New York Stock Exchange alongside of continued trading on its "home" exchange, the London Stock Exchange. The very same day, four Democrats --- Frank Pallone, Jr. (D-NJ), Kathy Castor (D-FL), Diana DeGette (D-CO), and Paul Tonko (D-NY) --- sent a very public letter to Diversified CEO Rusty Hutson launching a probe into the company, implying that Diversified will never be able to plug all of the old wells that it owns (when it comes time to retire them), essentially accusing the company of planning to defraud the public. News of the Democrat smear job hit like a hammer, causing Diversified's stock price to plunge by more than 15% (although it has since somewhat recovered).

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