My concern with CHK are the assets, I have two
Posted on: June 11, 2020 at 14:01:35 CT
MU-TULSA MU
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Concerns, shale PUDs are quite a bit different than sandstone, but the industry still uses reservoir analysis with sandstone formulas, so if CHK is doing that, then I would venture their PUDs are way over estimated. Second they are heavy into the Mississippi Lime formation, that is an upside down formation so any PUDs in that formation are only profitable if oil is over 70+ a barrel.