What a choice we have, a brain dead fool or a narcissistic power hungry, low self esteem orange cheeto. How in the he ll does he think oil companies will drill more when they need to pay down debt and satisfy stock holders before he starts messing with them again. Board of Commissioners, make a deposit in an amount estimated to cover the cost of impacts.
He is relying on gas prices dropping to keep both houses in Dems hands, but slamming oil companies, trying to shame them into drilling more. Shares are looking quite well from a longer time frame too, as the monthly price change of 11.36 compares favorably with the industrys 8.76 performance as well. JB is handing out 100s of billions of dollars to EV companies etc with both hands, then ridiculing oil companies. For CHK, shares are up 7.61 over the past week while the Zacks Oil and Gas - Exploration and Production - United States industry is up 3.16 over the same time period. Once gas prices drop again JB will again start adding more impediments to oil companies, then funds and investors will shun any stock to do with oil again. JB wants them to dump billions into the drill bit to get gas prices lower so he can take credit, but he has given zero incentive to oil companies to do so.
Shares were basically at the same level since 2013. Investors were avoiding the shares, mostly because of environmental reasons. WHAT? Up until last year the oil companies were mostly just getting by. This change was narrower than the S&P 500s 1.13 loss on the day. Biden says: Oil companies must not give dividends or buyback stock with their record profits, he calls us greedy. Chesapeake Energy (CHK) closed the most recent trading day at 103.59, moving -0.93 from the previous trading session.
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