NEW YORK (TheStreet) does not seem to have a social conscious apparently...least ways not when it talks about Marcellus Shale Stocks that should be in an investors portfolio. Suppose if you are ALL ABOUT GREED, do not care about the environment, have no real concerns about protecting our drinking water supply, and have no qualms about negatively impacting human health, their suggestions are good ones. However, if you are a socially evolved being, if you have compassion for your fellow man, if environmental and social issues are something you care about, you might want to think about DIVESTING YOURSELF of any of these holdings, rather than investing in them.
Chesapeake Energy(CHK) Their partner in Marcellus Shale went into a deferment program under a plea deal arrangement to avoid criminal prosecution for BRIBING POLITICIANS. Furthermore, Chesapeake Energy is the most frequently charged violator of DEP regulations in the state of PA...maybe that is why the Governor will not let inspectors issue citations without first getting permission from higher ups? God forbid that abiding by the laws put in place to protect human health and the environment should interfere with company profits.
Penn Virginia (PVA) For starters...WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A. announces that it is investigating potential claims against Penn Virginia GP Holdings, L.P. (“PVG” or the “Company”) (NYSE: PVG) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Penn Virginia Resource Partners, L.P. (“PVR”) (NYSE: PVR).Seriously folks, simple Google Searches find unsavory facts about every one of "The Streets" buy recommendations...guess ethics do not count?
Just in the state of PA. you can see a HOST OF VIOLATIONS totally over 1400.
Carrizo Oil & Gas (CRZO), Just one example...March 18, 2010, Carrizo Oil and Gas, Rush Township.Failure to restore site within nine months of completion of drilling or plugging. Well drilling was completed April 19, 2009. Fracking was completed Aug. 24, 2009. Well is completed and not yet in production. Site ID is still in place, no well tag in place.
ECA Marcellus Trust(ECT)
Magnum Hunter Resources(MHR)
We left six companies blank...do us a favor, pick one company, do a Google search, and share their crimes with us in the COMMENTS section below post.