Chesapeake Granite Wash Trust (CHKR) announced its third quarter results and declared its unit holder distribution on November 7th. The Trust continued to exhibit poor well performance, and additionally suffers from derivative contracts that worked against unit holders during the quarter. The quarterly results were well below the level forecast at the IPO of the Trust, and the prospects for improvement at present appear slim. The only question for existing or prospective unit holders is whether the current unit market price of $12.94 on the market close on 11/8/2013 is a good buy or a bad bet. This report will provide details for investors that will allow an informed decision to be made.
The CHKR quarterly distribution...
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