Seeking Alpha

Tim Travis'  Instablog

Tim Travis
Send Message
Tim Travis is a veteran deep value investor and money manager. Travis has extensive experience in traditional investments such as stocks and bonds, in addition to having a unique methodology of combining options and distressed investing with value investing to generate income, reduce risk, and... More
My company:
T&T Capital Management
My blog:
T&T Capital Management Blog
My book:
Learn to Treat Your Portfolio as a Business
  • Chesapeake Oil Well Is Biggest Gusher In Company History-Bloomberg 0 comments
    Jun 1, 2012 11:46 AM | about stocks: CHK, BP, TNKBF

    Chesapeake Energy (NYSE:CHK) finally get's some good news as the company has hit a home run in the Andarko Basin, with a well in the Hogshooter formation which produced 5,400 barrels of crude a day during the first eight days of operation. Anything that takes the focus off of the company's lack of corporate governance and cash flow shortfall is a positive. This company needs to dispose of assets quickly or the more attractive solution would be to sell itself. It would be a great acquisition for one of the larger integrated oil companies. With BP's recent announcement that they are looking to sell their TNK-BP joint venture, Chesapeake would be a really nice fit to grow profits in a less risky political environment.

    http://www.bloomberg.com/news/2012-06-01/chesapeake-makes-significant-discovery-in-anadarko-basin.html

    Disclosure: I am long CHK, BP.

    Stocks: CHK, BP, TNKBF
Back To Tim Travis' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.