Selling The Shale Boom [CHART]


An analysis of 73 shale drillers found that almost all reported higher oil and gas prospects to investors than to the Securities and Exchange Commission (SEC). Chesapeake Energy Corporation (NYSE:CHK), Pioneer Natural Resources (NYSE:PXD), Marathon Oil Corporation (NYSE:MRO), Quicksilver Resources Inc (NYSE:KWK), Rice Energy Inc (NYSE:RICE) and Goodrich Petroleum Corporation (NYSE:GDP) illustrate the range of estimates within the industry. H/T Barry Ritholtz

Selling The Shale Boom

Source: Bloomberg

Michael Mauboussin: Here’s what active managers can do

michael mauboussin, Credit Suisse, valuation and portfolio positioning, capital markets theory, competitive strategy analysis, decision making, skill versus luck, value investing, Legg Mason, The Success Equation, Think Twice: Harnessing the Power of Counterintuition, analysts, behavioral finance, More Than You Know: Finding Financial Wisdom in Unconventional Places, academics , valuewalkThe debate over active versus passive management continues as trends show the ongoing shift from active into passive funds. Q2 2020 hedge fund letters, conferences and more At the Morningstar Investment Conference, Michael Mauboussin of Counterpoint Global argued that the rise of index funds has made it more difficult to be an active manager. Drawing Read More