Obermeyer Wood featured in WSJ: “Will Wildcatter’s ‘Naked’ Gamble on Oil Prices Pay Off?”

December 9, 2014

Obermeyer Wood’s Joe Chin comments on recent oil price moves in 12/9/14 Wall Street Journal article:

“Some investors say [Continental Resource’s] primary acreage in the Bakken and elsewhere renders the hedging decision less important in the long-term. “Cash flow next year will be lower and more volatile, assuming prices stay under pressure,” said Joe Chin, an analyst at Obermeyer Wood Investment Counsel LLLP, an Aspen, Colo., firm that owned 340,000 Continental shares at the end of the third quarter. “But we remain confident about management’s ability to deploy capital.””

Click here for full article (paywalled): “Will Wildcatters’ Naked Gamble on Oil Prices Pay Off?”