Spot Henry Hub natural gas prices hit a historic low in 2024

Hey guys, I already posted about the Weatherford settlement, but since we got an update, I decided to post it again. Though the deadline has already passed, you can still file a late claim for it.

A quick recap, back in 2016, it was revealed that between 2007 and 2012, Weatherford made fake financial statements that gave them $900M+ in profits. After this news, the investors obviously sued them for this and the losses it caused. 

The good news is that Weatherford is paying $140M to investors to settle the case and move on.  I found out that even though the deadline has passed, they are taking late claims. So, if someone's late, you can check the details and file for it here.

Anyways, has anyone here been affected by these financial issues? How much were your losses if so? And what are your predictions for the next quarter? 

Hey guys, I guess there are some APA investors here. If you missed it, we have some updates on the Alpine High scandal they had a few years ago. So I decided to post about it again.

For the newbies here, back in 2016, Alpine High was a big focus for APA, and the company promised great potential there. But, in 2020 they cut off the project, and gas production in the region alleging weak pricing. When the news came out, investors sued APA, saying it misled them about the project’s prospects.

The good news is that APA has agreed to pay a $65M settlement to resolve the situation. And I just discovered that even though the deadline has passed, they’re accepting claims. You can check the info and file for payment here.

Did anyone here invest in APA during the Alpine High hype? How did the project’s downfall impact you if so?

Hey guys, I already posted about this settlement, but since we have some updates, I decided to post it again. It’s about poor environmental control issues they had a few years ago.

For newbies, back in 2020, Cabot was accused of failing to fix their gas wells properly, which led to gas getting into Pennsylvania's water (even faced criminal charges over this). Obviously, when this news came out, $COG dropped and investors filed a lawsuit against them for poor environmental controls.  

The good news is that now, after all this time, $COG agreed to pay a $40M settlement to investors over this situation. And even if the deadline has already passed, you can still file a claim. So if you got hit back then, you can check out the details here.

Meanwhile, COG has already publicly admitted responsibility for what happened. The company agreed to build a public water system that will provide clean water to the impacted people and pledged to cover water bills for 75 years.

Anyways, do you think this is enough for what happened? And, has anyone here been affected by this?

I know Talco is sour gas and has low quality oil but I have been here for 30 years and I can not figure out what triggers pumping. Do folks just fire them up when the world needs more asphalt? It doesn’t seem to follow the basic price of oil trends.

If you really know the area i am talking about East of the big field and more towards Talco/Sugarhill

They drilled these 15 years or so ago and have been operational maybe 2 or 3 times

Hey guys, I guess there are some APA investors here. If you missed it, we have some updates on the Alpine High scandal they had a few years ago. So I decided to post about it again.

For the newbies here, back in 2016, Alpine High was a big focus for APA, and the company promised great potential there. But, in 2020 they cut off the project, and the gas production in the region alleging weak pricing. When the news about it came out, investors sued APA, saying it misled them about the project’s prospects.

The good news is that APA has agreed to pay a $65M settlement to resolve the situation. And I just discovered that even though the deadline has passed, you can still file for payment here.

Did anyone here invest in APA during the Alpine High hype? How did the project’s downfall impact your portfolio?