Chesapeake (CHK -1.1%) swings sharply lower after its opening pop, as analysts question whether...

Chesapeake (CHK -1.1%) swings sharply lower after its opening pop, as analysts question whether it got top dollar for the Permian Basin acreage; some had expected the sales to reap $4B-$5B (I, II, III). The deal has "helped them climb up the wall in this hole they've dug for themselves, but they are not there yet," Argus' Phil Weiss says.
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Comments (5)
  • Russ Fischer
    , contributor
    Comments (3018) | Send Message
    OMG. These jerks simply will not leave CHK to its business. They got $3.3 billion for a chunk of the Permian basin and retained 700,000 acres that could be worth another several billion dollars.


    The stock is worth $80 based on this sale.
    12 Sep 2012, 01:25 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
    "could be worth"


    An honest evaluation of CHK's assets after the planned $14B asset sales this year is a welcome request from those looking at a potential investment in this company going forward.


    (P.S. No Otellini at the AAPL presser...your rumor's time value has hit zero!)
    12 Sep 2012, 04:48 PM Reply Like
  • sanpace
    , contributor
    Comments (84) | Send Message
    I think most investors see past these meaningless negative articles. The company has has 4 months of positive news with the new management. It will worries.
    12 Sep 2012, 02:01 PM Reply Like
  • Rickcarino
    , contributor
    Comments (15) | Send Message
    If you are holding this stock, stick to it. I hold 9000 shares and was never worried about it. 14% shares are still shorted as of now. When these shorts are covered, pop will be worth minimum $5.00. I can see no sign of CHK going under. Short sellers are behaving as if company will not make it. Nat Gas price are firming up and by year end some 150 gas stations will be on line for commercial trucks that runs on Nat gas. Nat gas go up to $4.00 by year end and that will be twice the price when CHK was $13.00 bottomed out. Any one agree ?
    12 Sep 2012, 05:00 PM Reply Like
  • bobby fibonacci
    , contributor
    Comments (12) | Send Message
    I think the company has already been looted
    12 Sep 2012, 08:09 PM Reply Like
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