Seeking Alpha

Chesapeake Energy (CHK) says that it will partner with GE to create products and services to...

Chesapeake Energy (CHK) says that it will partner with GE to create products and services to help fuel vehicles running off of natural gas. The companies say that building out infrastructure to support the use of compressed natural gas will contribute to lower fuel costs and vehicle emissions in the U.S.
Comments (7)
  • wyostocks
    , contributor
    Comments (7620) | Send Message
     
    "The companies say that building out infrastructure to support the use of compressed natural gas will contribute to lower fuel costs and vehicle emissions in the U.S."

     

    Is this the reason they are doing it? I thought these fools were supposed to make profit for their shareholders.
    7 Mar 2012, 08:21 AM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    I thought that's what the Volt was for? If i remember right, and i do, the selling point for GM's bailout was the.... VOLT... It was supposed to save the world from high gas prices at 60k a pop. (For an electric Saturn).
    Now, they stop production of the Volt, to build ngas (factory) fitted trucks. (again to save the world from high gas prices).

     

    I worked on some of the first retro fitted ngas trucks from GM back in .........................

     

    That's............... Nineteen Eighty Six......................
    7 Mar 2012, 08:35 AM Reply Like
  • vireoman
    , contributor
    Comments (865) | Send Message
     
    CHK is partnering with GE, not GM.
    7 Mar 2012, 11:23 AM Reply Like
  • gdonelson
    , contributor
    Comments (36) | Send Message
     
    The point is CHK has a flawed business model. They thought they could sell the natural gas to electricity producers and then power those Volt's. Now they want to build another set of infrastructure to provide compressed natural gas for transportation vehicles. We have a cheap and abundant energy source in natural gas right now but it is not profitable to drill these wells at prices below $4.00/mcf. Like building another Walgreen's around the block from the CVS.
    7 Mar 2012, 01:44 PM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    You miss the point. Let me ass ist.

     

    The technology forCLNG vehicle conversion has been around since 1983. By 1986, All fleet trucks sold (especially to local govts) by GM were immediately converted to clng. These vehicles run on gasoline, when that runs out, the vehicle is switched over to clng, effectively doubling the range of the vehicle. So, if you get 350 miles out of a tank of gasoline, then another 300 from the clng, you have doubled the range between fill ups. So, you would fill up only twice per month, as opposed to four times a month on gas only. Got it? The diff between gas and clng is a performance diff. Clng produces less power, and is only noticeable in higher end car conversions. News flash- if i should be excited about three companies trying to sell me a thirty year old box of bullshit, im not.

     

    You must be a new CHK shareholder. You will learn.
    7 Mar 2012, 01:57 PM Reply Like
  • Dividend Surfer
    , contributor
    Comments (39) | Send Message
     
    Could there be some legitimacy in this? I would love to be able to fill up from my garage. But only if the price is right, of course.
    7 Mar 2012, 08:59 AM Reply Like
  • Agbug
    , contributor
    Comments (1085) | Send Message
     
    I for one have often wondered why the effort has been to burn ngas in a combined cycle turbine and then try to figure out how to get the electrical energy back into a battery powered vehicle and make it price competitive. The Volt appears to prove once again that you can't. The ngas powered Civic was also a market failure so I'm still on the lookout for a breakthrough on this front to place some capital in the path of change.
    7 Mar 2012, 09:49 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|