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Commodities Briefing - Categorized | Commodity Crisis, Market Moves more

Price bust, credit crunch weaken monoliths

Posted on 18 December 2008

From Marketwatch.com: Record volatility in the commodities and credit markets is roiling the energy sector, turning once-stellar but highly-leveraged performers into potential takeover targets in what is poised to become a new wave of consolidation in the industry.

Chesapeake Energy Corp. is a textbook example. At the height of the bull market for commodities over the summer, the Oklahoma City-based natural gas company stood tall among giants in the energy business, with its market cap at $33 billion and the stock nearly $60 a share. …. Full Article: Source


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VRS - who has written 34696 posts on Opalesque Commodities Briefing.


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