WallStForMainSt: There Will Be More Blood In Shale Oil & Gas Soon?
Chesapeake Energy Corp received a “going concern” warning from its auditors on Tuesday predicting imminent bankruptcy and on crude oil prices declined on Wednesday morning after the Energy Information Administration reported a crude oil build of 7.9 million barrels for the week to November 1. Analysts had expected a much more modest build of 1.515 million barrels for the period. Articles on Chesapeake Energy Corp Receiving A "Going Concern" Warning: 1) Epitome of America’s shale gas boom now warns it may go bust https://www.msn.com/en-us/money/news/epitome-of-america-s-shale-gas-boom-now-warns-it-may-go-bust/ar-AAJWW38?ocid=00000000 2) Chesapeake Energy’s stock breaks the buck for the first time in 20 years https://www.marketwatch.com/story/chesapeake-energys-stock-breaks-the-buck-for-the-first-time-in-20-years-2019-11-06 Oil Industry Articles About Oil Inventories Still Rising, Rig Count Falling & An Upcoming Large SHale Bust: 1) EIA: 30 Million Barrels Added To Oil Inventories Over 7 Weeks https://oilprice.com/Energy/Energy-General/EIA-30-Million-Barrels-Added-To-Oil-Inventories-Over-7-Weeks.html 2) The Most Important Data Point In U.S. Oil Markets https://oilprice.com/Energy/Energy-General/The-Most-Important-Data-Point-In-US-Oil-Markets.html 3) Oil - The Slowdown In U.S. Shale Is For Real This Time https://seekingalpha.com/article/4302806-oil-slowdown-u-s-shale-real-time 4) The U.S. shale boom has set up the risk of busts for local communities https://www.axios.com/small-cities-need-diverse-economies-shale-37a9b426-14ad-4268-b14a-0587b3b8249e.html 5) The Drilling Frenzy Is Over For U.S. Shale https://oilprice.com/Energy/Energy-General/The-Drilling-Frenzy-Is-Over-For-US-Shale.html 6) OPEC Oil Output Jumps From Decade Low https://oilprice.com/Energy/Energy-General/OPEC-Oil-Output-Jumps-From-Decade-Low.html Exclusive Zero Hedge reporting how the Dallas Federal Reserve bank asked Houston banks to not bankrupt US shale oil producers a few years ago: https://www.zerohedge.com/news/2016-01-16/exclusive-dallas-fed-quietly-suspends-energy-mark-market-tells-banks-not-force-shale Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt or the Wall St for Main St Facebook Group where you can learn and join in on the conversation! Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 71 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Donate Crypto Currency to WS4MS: Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4 Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch Wall St for Main St is also available for personalized investor education and paid research work (we write research reports and teach). Please email us to learn more about the research work we offer at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**
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