That's interesting about the roughnecks and stacked rigs, but I would not say Chesapeake is in BIG trouble. The stock is up 50% since the Summer. The layoff is viewed as a positive to cut costs and make the company lean. The former CEO had a reputation for waste, the new CEO seems to be positioning them for the long haul or making their assets more attractive for a buyout. Also keep an eye on the nat gas price. It has been slowly moving up and there are a few companies that should get approval to export more LNG in the next 2 months.
Anyone have experience with or have info on Oilfield Trucking Soulutions??
Discussion in 'Oilfield Trucking Forum' started by security58, Aug 10, 2013.
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