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Companies going bankrupt/into administration
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kenneal - lagger
Site Admin


Joined: 20 Sep 2006
Posts: 12263
Location: Newbury, Berkshire

PostPosted: Fri Jul 03, 2020 12:19 pm    Post subject: Reply with quote

A profit making company could buy up these fracking companies, having lost the debt in the bankruptcy sale, and keep production going if the oil and gas price rises slightly.

As I understand it, the companies producing oil and oil and gas from a well were making money while the gas only wells were losing money. RGR would probably have been able to put me right on this so there were some disadvantages in banning him. But the lack of crowing is something to be thankful for.
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Mark



Joined: 13 Dec 2007
Posts: 1338
Location: NW England

PostPosted: Sat Jul 04, 2020 2:15 pm    Post subject: Reply with quote

emordnilap wrote:
PS_RalphW wrote:
Chesapeake oil, poster child of us fracking, gone bust

https://www.theguardian.com/environment/2020/jun/29/chesapeake-bankruptcy-seen-as-turning-point-for-oil-industry


Isn't it good to not have a butthead butting in with an upbeat refutation of and optimistic forecast for its future?


Don't worry, he'll be watching....
Plus GCHQ, CIA, China, Russia etc.
Even though he was an @rse, he was free to be one...
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Catweazle



Joined: 17 Feb 2008
Posts: 2550
Location: Little England, over the hills

PostPosted: Sat Jul 04, 2020 11:06 pm    Post subject: Reply with quote

I appreciated his inputs as a balance. Sadly it came with some kind of personality problem.
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