This segment is from Thursday's edition of 'Digging for Value', in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.
The Utica shale has been late to develop in comparison to some more prominent fields in Pennsylvania, North Dakota and Texas. That could all be about to change if BP (NYSE:BP) witnesses worthwhile results from its test wells. Given mixed reviews from Halcon Resources (NYSE:HK) and Chesapeake Energy (NYSE:CHK), investors aren't sure what to expect. One thing's for sure, if BP decides to pull out, infrastructure companies like MarkWest Energy (UNKNOWN:MWE.DL) could be in trouble based on existing capital expenditure plans. The video below dives much deeper, so be sure to tune in.