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‘Bigfoot’ Well Proves Lucrative

June 9, 2014

BELMONT — Along an otherwise quiet stretch of Ohio 149 east of Barkcamp Lake State Park, Rice Energy recently discovered 41 million cubic feet of Utica Shale natural gas per day with its beastly......

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(9)

swingdog

Jun-10-14 5:38 PM

As I said, troll, I wish you luck. I am a fairly conservative investor. If it sounds too go to be true - it usually is. Fad investing and failure to diversify are two primary money pits. The recent fracking mania seems to me to be such a pit. Get rich fast schemes more often become "get poor fast". I believe in thorough research and modest expectations. So far I have no complaints.

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TrollSlayer

Jun-10-14 2:12 PM

swingdog "This is a discussion - not mud wrestling."

Doggie, you claim to be "discussing," but you babble BS about wells going into "precipitous decline" and "razor thin profit margins" to imply companies can't possibly be profitable, and smear the gas industry in general by generally branding them as "a wave of companies folding up their tents and disappearing into the night" and then throw terms like "churned" and "'get rich quick' schemes" against the wall to see if they'll stick...

No, you're just mud wrestling. LOL

Now you go right ahead and sell those gas industry stocks short as fast as you can borrow capital and put your money where your mouth is. Because I'm buying, and the lower you can drive those gas industry stock prices right now the more I'll make. Thanks. LOL

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swingdog

Jun-10-14 12:18 PM

Relax, Troll. This is a discussion - not mud wrestling. Insofar as "letting the pros worry about the economics" that is a sure way to lose your shirt in investing. The "pros" are more than happy to have you turn your money over to them to manage and guide your investments. It's a great way to get "churned" and see your capital evaporate. I try to read as much as I can about investment opportunities and stay away from the "get rich quick" schemes. I honestly cannot see the advantages of long-term investments in tight shale gas and oil. They are flash in the pan plays that pinch out soon after they come on line. The only way they are viable is if the price of oil and gas remain high and there are lots of investors who do not look too closely at the basic fundamentals of the industry. Personally, I think they are a long-term loser.

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TrollSlayer

Jun-10-14 7:00 AM

swingdog "Drilling and tracking multiple wells that quickly peak and precipitously decline is an expensive proposition blah blah blah I am an active investor, but I see little to attract my money"

You just let the pros worry about the economics of it. The concerns of a retired park ranger don't trump the expertise of professional geologists, engineers, and accountants working for multi-billion dollar oil and gas companies.

And if you'd rather not invest your own money into shale gas then don't. It's a free country. Maybe Solyndra is more your style... LOL

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swingdog

Jun-09-14 11:43 PM

Opps, change "tracking" to "fracking".

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swingdog

Jun-09-14 11:43 PM

"And then you drill the next well. And the next. And the next," troll.

I hope your confidence is justified, but the facts seem to dictate otherwise. Drilling and tracking multiple wells that quickly peak and precipitously decline is an expensive proposition. It is based on a very precarious production model that can only be maintained as long as oil and gas prices remain high. The profit margin is razor thin. Any substantial drop in price will quickly set off a wave of companies folding up their tents and disappearing into the night. That could happen if the weak economic recovery falters and stalls. I am an active investor, but I see little to attract my money to the WV/OH/PA tracking plays.

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TrollSlayer

Jun-09-14 10:22 PM

And then you drill the next well. And the next. And the next... Party party party...

But you leftists can continue putting in solar panels at ten times the cost. Because I hear that's trendy now so at least you have that going for you... Enjoy all the neurotoxic lead you'll be dealing with at additional huge cost every time your batteries need replacement... party party... whatever...

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swingdog

Jun-09-14 8:20 PM

Party hearty while you can. These wells usually peak in the first year and go into rapid decline afterward.

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UNCOMMONSENSE

Jun-09-14 6:33 PM

Lucrative for Rice energy and greased officials, yet we the people get nothing

Same ole story

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