Remember the property sale-lease back agreement that was announced, but the never happened? The stock drooped more than 30% in 1 day. That cost me and I sold at $8.50
oh no! Texas is now saying the same thinhg!
The scientists concluded that removing saltwater from the wells in the gas production process and then injecting that wastewater back underground "represent the most likely cause" for the swarm of quakes, according to a study published Tuesday in the journal Nature Communications.
Harry: you came close to saying this yesterday. Here's the quote to use so you don't look ridiculous in the future..."injection wells handling fracking waste water appear to be accelerating the release of stress built up in rock formations more than a mile underground. We are actively investigating alternate locations for the disposal of this waste water."
A statement released by state geologist Richard D. Andrews and Dr. Austen Holland, state seismologist, said the rate of earthquakes and geographical trends around major oil and gas drilling operations that produce large amounts of wastewater indicate the earthquakes "are very unlikely to represent a naturally occurring process
Harry used to be a Hamm, but the oil price dropped changed him to Spamm. Harr can't answer a question about the 3000% increase in Oklahmoa earthquakes...he needs to take a freshman geology course.
the answer to sales and rev decline is expansion, not contraction of capital base
PPC has been one on worst performers in last six weeks- (30%). PPC's cliff divet began as soon as it paid the $5.50/share special dividend on Feb 17. PPC was $38 on Feb 16 and is now $22.50.....PPC is 75% owned by Brazilian food giant JBS SA which means $1.1B was paid to JBS as a special dividend. On March 5 PPC issued $500M in notes. A possibility is JBS is planning on using this $1.6 in cash to buy the 25% of PPC it doesn't own. At $30/sh this would cost $2B......A smart move for JBS would be to roll the whole company into PPC and use PPC's NYSE listing to get broader liquidity for JBS...If this doesn't happen I'd be more than suspicious about the Special div JBS effectively paid itself...the special div could be interpreted as the type of financial games Petrobras played.
this is a commodity wide story. we see over capacity in everything because there is no growth. You can believe all the feel good QE bull, but in the end there isn't any demand growth for anything.