Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
  • David White
    CHK write downs are not a surprise. 2nd biggest US natgas producer. Natgas prices fell thru the floor. More write downs in Q4. Means little.
    11/1/12
    Reply (6)
    • David White: CHK will probably have write downs in Q4 too. The valuations are based on the rolling twelve month price of natgas. It'll likely go up late
      11/1/12
    • David White: in 2013 as the bad Q2 2012 quarter rolls off. You can't take the write downs too seriously if you think natgas is near a bottom.
      11/1/12
    • 1980XLS-2.0: Are you looking at their Hedge Book?
      11/2/12
    • David White: I know CHK isn't well hedged. I meant in the long run, the natgas properties will still retain their value, and likely be much more valuable
      11/2/12
    • Energysystems: Which is why I like ACMP(formerly CHKM), retains right of 1st refusal on any asset sale, and contract stays in place on any asset sale if...
      11/2/12
    • Energysystems: it's already in place. So, ACMP is in a no lose position.
      11/2/12