You are correct. In fact chesapeake caused a stir several weeks ago when it announced it was going to shift its focus to shale oil from gas. In addition, as currencies like the dollar continue to plunge oil will return to 100 dollars plus.
As we all know ,this will require jv capital to exploit---so we wait.
While I am waiting---maybe I will follow our resident bashers model---find a penny stock that I do not believe in---never own it----but spend time each day on the message board of the stock I do not own or ever want to own
PATHETIC LMAO