It's a Self-Fulfilling Prophecy
Chesapeake (CHK) is signaling that there's more than just hope in the group. If CHK can sell $13 billion in properties, up from $11 billion, what does that say about Devon (DVN), which is only $23 billion? It could JV half the company for that market cap. It also says that there are companies that want to drill those properties and that means that the rig count could actually be bottoming out.
Of course this could all be part and parcel with a materials move based on higher interest rates -- woo hoo, mortgage rates at 3.4%, get 'em while they are still low! --and copper rallying....186 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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