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The latest sign of Chesapeake's (CHK) comeuppance: It's putting up for sale the Fort Worth...

  • Friday, September 7, 2012, 5:52 PM ET
    The latest sign of Chesapeake's (CHK) comeuppance: It's putting up for sale the Fort Worth highrise it bought in 2008 for $104M that symbolized the company's boom times. The building should attract plenty of interest but probably not at the 2008 price; for CHK, getting high prices for its assets is important as it seeks to raise at least $13B this year.
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This news story has 6 comments:

  •  
    This is far from a comeuppance and distorts the realities of today. Chesapeake has made the turn and is concentrating on what it is...one of the world's largest exploration and production energy companies. The excesses of the past are rapidly receding into the background, and that is reflective in the price action of the stock. We have a responsible management style now in place and Aubrey is surrounded with checks and balances. This doesn't detract from the fact that he is one of the leading innovators in the oil and natural gas industry.
    7 Sep 2012, 09:12 PM Reply Like
  •  
    In 1 year my profit was -35%.That tells enough.
    8 Sep 2012, 12:46 AM Reply Like
  •  
    It tells me that you don't know when to buy & sell and when to exit a position that is going south on you. And stop believing everything you read here!
    8 Sep 2012, 12:27 PM Reply Like
  •  
    bdoeden,
    "It tells me that..." CHK Stock is in the trash can. Stop blaming CHK investors for what McClendon and BOD have done to CHK Stocks. The authority over and responsibility for CHK's Stock prices are not managed by mom and pop investors.
    Give McClendon his walking papers... And, Don't let him take half of CHK's Asset Sales with him...
    Let him get back to what he knows best...Private E&P. Then he can sink or swim by himself.
    8 Sep 2012, 01:48 PM Reply Like
  •  
    I believe a price over 20 that lasts for three days of stock trading will be the signal that the stock is on the up movement for real, at last.
    I am long this stock and am very happy with the price as I am quite profitable at this range.
    for stock traders the keys , short term, are, asset sales which the company said last week are on target, with some spill over this qtr into October.
    also, look at the short sales numbers. once we clear 22 the shorts will start to have rethinking of their positions..
    recall that they wrote off a lot of dollars last qtr which clears the financial deck.
    I am also very impressed with the future of trucks running on natural gas mixtures. the tech is , for me, complicated, but, the end result will be trucks running, in many cases on natural gas.
    Chesapeake is in this business big time, and all we now need is a cold winter.
    last,,,look at the nations storage of natural gas versa last year. as we go forward it may look extremely different by October and November .
    9 Sep 2012, 10:17 AM Reply Like
  •  
    Pauliene--I'm with you. This Co and it's stock is not a short term trading instrument. It's an investment. All my homework indicates this stock is on a turn around and well on its way back to the 30's...Maybe this year. I'm hoping for a small pull-back so I can load-up with some more..... and if the election goes our way--look out.
    10 Sep 2012, 04:09 PM Reply Like
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