Hard times for the frackers
As Cuadrilla parent AJ Lucas’s share fall yet again to 19c, Kerogen Investments have increased their holding, ensuring that an increasing amount of any profits from fracking in the Fylde will make their way offshore.
Of course to make a profit you do have to able to sell your product for more than it costs to produce don’t you?
With Motley Fool describing iGas as a “ticking time bomb” and reporting that “based on its current forecasts it is projected to breach certain of its bond covenants in the second half of 2016” things are not looking too healthy for our fracking friends are they?
