Seeking Alpha

HiddenValueInvestor

View HiddenValueInvestor's Comments BY TICKER:
  • Chesapeake's Eagle Ford News Good For Surrounding Companies [View article]
    USEG is probably the most undervalued oil and gas stock in the market. They are trading for less than 2X revenue with almost zero debt and are cashflow positive.

    They are selling some non-core real estate which will eliminate all of their debt by the end of Q3, assuming the deal closes.

    They receive only 5% of their revenue from the Eagle Ford acreage surrounded by Chesapeake.

    They are in the process of attempting to monetize a non-core mine that is an expense with zero revenue. The mine could be worth more than the stock is trading for.

    Finally, cash prices for their main Bakken production revenue source and acreage are more than double the market cap of the stock. Not prices compared to what other stocks are trading for, cash.
    Aug 9 11:49 AM | Likes Like |Link to Comment
More on CHK by HiddenValueInvestor
COMMENTS STATS
220 Comments
130 Likes