They paid to much for leases and fracing cost keeps going up and eating up any cost reduction gains.
I only heard that the nat gas leases were too expensive for late gamers. Maybe he discussed oil later.
LOL fracing costs are GOING DOWN not up. Shows what he knows!
And all those are losing money on HK short position do not have to worry because you will not have to pay taxes ... :)
Why don't you go f yourself?