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From Chesapeake Energy's (CHK) just-filed 10-Q: "We project that our capital expenditures will...

From Chesapeake Energy's (CHK) just-filed 10-Q: "We project that our capital expenditures will continue to exceed our operating cash flow through 2013... we may not reach our previously announced goal of $9.5 billion by year-end 2012 until 2013."
Comments (6)
  • Festivus
    , contributor
    Comments (67) | Send Message
     
    What's in your wallet ?

     

    A bunch of maxed-out credit cards
    9 Nov 2012, 09:11 PM Reply Like
  • iknow777
    , contributor
    Comments (32) | Send Message
     
    They're circling the sinkink ship. This company is way undervalued and other co's know it --who makes the first move???
    10 Nov 2012, 11:35 AM Reply Like
  • NatGasGHshale
    , contributor
    Comments (90) | Send Message
     
    "who makes the first move???" The BIGGEST $$$ Sharks in the O&G Sea... If their forensic auditors can decipher the books...
    10 Nov 2012, 02:32 PM Reply Like
  • 3up3down
    , contributor
    Comments (23) | Send Message
     
    "... If their forensic auditors can decipher the books..." The financial structure is a poison pill in and of itself. Of all the billions they spent on leases, how is it that nearly all of it is HBP? I guess I can answer my question by saying that that's the price you pay during booms. But that's a significant cash outflow just to hold land that you already paid in aggregate of $15b over 4 years. Then they financed the with Jv's which were largely drilling carries, and helped prop margins. Then of coarse the VPP's....There's some high hurdles to get over before you get some FCFE!
    10 Nov 2012, 03:33 PM Reply Like
  • iknow777
    , contributor
    Comments (32) | Send Message
     
    Icahn involvement ,new guidance and deal with GE as well as apotential class action lawsuit is plenty of reason for chk to get their act together. It is also entirely possible that they take away Mclendon's percent of his "chery picked" wells if he wants to stay with chk.
    11 Nov 2012, 08:20 AM Reply Like
  • NatGasGHshale
    , contributor
    Comments (90) | Send Message
     
    Still way too much debt... CHK "management" is sinking itself. Why would any O&G "buy" them now? Give CHK another year, and IMO, "management" @ CHK will provide BIG O&G an even bigger bullzeye takeover target...
    The stakes are too high to allow CHK "managment" to keep sabotaging all the hard work and futures of CHK Employees...
    Not to mention the birth/growth of U.S. Shale Oil/Nat Gas/Energy Movement for Independence from OPEC...
    Someone with Some Sanity Speak Up over there. It's not too late.
    IMMostHO...
    11 Nov 2012, 02:22 PM Reply Like
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