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  • SandRidge Energy Is On The Prowl While Cleaning Up Its Balance Sheet [View article]
    Good points. Also add that North Park Basin is very isolated and has no oil or gas pipelines to markets. Oil is trucked out and gas is flared. Elevation 8100' Can be a tough and expensive area to work during winter. One rig to start and maybe another by mid 2016. That weak of a drilling commitment sums it up.
    Nov 6, 2015. 11:26 AM | 2 Likes Like |Link to Comment
  • SandRidge posts Q3 beat, enters Niobrara shale via $190M acquisition [View news story]
    SD's management is very savvy working the system. When it comes to drilling and producing economic wells using real accounting, not at all. North Park Basin, they don't have a clue of what they are in for. Welcome to 8100' with no pipelines out of the basin and non economic wells.
    Nov 5, 2015. 08:09 PM | 1 Like Like |Link to Comment
  • Chesapeake To Sell Utica Assets, Shopping For $2 Billion [View article]
    More information:
    Sep 16, 2015. 10:11 AM | Likes Like |Link to Comment
  • Chesapeake To Sell Utica Assets, Shopping For $2 Billion [View article]
    The fire started 10 days ago. Boots and Coots were called immediately. At one point smoke covered the town of Douglas with a residue. Chesapeake contracted local car wash operators to allow free service to wash the film off vehicles.
    Sep 16, 2015. 09:26 AM | Likes Like |Link to Comment
  • Chesapeake To Sell Utica Assets, Shopping For $2 Billion [View article]
    I don't understand why nothing in the news about CHK's 6 wells on fire in the Powder River Basin. Wellheads 20' apart, one caught fire and the rest failed. Saving money by skidding the drilling rig 20' bit them in the ass.
    Sep 15, 2015. 11:17 PM | 1 Like Like |Link to Comment
  • Chesapeake Energy: The Return Of The Gassy King [View article]
    If I remember correctly, Plains Exploration purchased a 20% interest in the Haynesville from CHK for almost $4 billion. Two or three later Plains took a $3 billion write down on the investment and were attempting to sell that same interest plus additional properties for $1 billion. My guess is the wells are not economic. Most people don't understand CHK was not built from oil and gas production revenue. It was the 'deals' such as cash from promotes, Royalty Trust spin-offs, JV Partners and acreage sales that fueled CHK. Just my opinion.
    Sep 11, 2015. 03:36 PM | 5 Likes Like |Link to Comment
  • Chesapeake Energy: The Return Of The Gassy King [View article]
    I don't think the author considered the cost of the Williams Agreement. The contract has minimum volume commitments and a drilling commitment to commission about 140 wells by 2017. That is going to cost a lot of money to drill 140+ non-economic wells.
    Sep 11, 2015. 10:19 AM | Likes Like |Link to Comment
  • Williams And Chesapeake Strike A Deal [View article]
    The key part of the press release is very vague. These guys are slick.

    "Chesapeake has also committed to turning on 140 equivalent wells online before the end of 2017, leading to significant near-term production growth."

    Is Chesapeake going to open wellhead valves on existing drilled, completed, tested and connected shut in wells? 140 equivalent wells? Must be tied to a guaranteed deliverable rate.

    I would guess Chesapeake is committed to drilling, completing and connecting a minimum of 140 new wells. That is going to cost some money.
    Sep 9, 2015. 12:51 PM | 1 Like Like |Link to Comment
  • $60 WTI Crude Yields 60% IRR Per Well For Diamondback Energy [View article]
    I just don't get it. How is this company able to keep its doors open? It seems everyone is happy in funny money land. Rapidly increasing debt and extremely increasing NEGATIVE free cash flow. Too much crazy money in the market with no oil and gas experience.
    Jul 7, 2015. 12:08 PM | Likes Like |Link to Comment
  • Chesapeake Energy: Good News, And Nobody Cares? [View article]
    IMO the goal of most resource players is making money and that does not necessarily include drilling economic wells. The money raised by the promote was CHK's growth enabler. Oil and gas production and grossly inflated reserves are just the vehicle used to hook investors, property purchasers and partners. Look at the write downs BHP, Plains and most all other purchasers of CHK properties have had to take. These write downs were before the oil price drop.

    Income from oil and gas production will not keep the lights on at CHK. They have NOT had positive free cash flow for almost 10 years. Just think where CHK would be today had they not sold their Marcellus property to Southwestern for cash. So when CHK finds a cash buyer, investor, creates a royalty trust or finds a partner for an oil and gas property, they win.
    Jul 2, 2015. 01:20 PM | Likes Like |Link to Comment
  • An 11.5% Yield Investors Must Avoid [View article]
    I would never consider Chesapeake and Linn "rock solid".
    Dec 31, 2013. 10:57 AM | Likes Like |Link to Comment
  • Commodities Today: Oil And Gas Names Reporting Strong Results [View article]
    Matt, I shake my head when I see a company such as CHK that has a negative free cash flow for the last five years totaling $44,000,000,000. I have no doubt CHK will cut expenses as they have no choice. This might look good for a quarter or two but a steep production decline will not be far behind. Look for rounds two and three in layoffs next year.
    Nov 8, 2013. 06:37 PM | Likes Like |Link to Comment
  • Commodities Today: Oil Production Rising And Gold Rally Stalling [View article]
    Matt, Looks like GPOR is fracing Wall Street again. Issuing 6.5 millions (plus) shares. Incredible! How long can this BS go on?
    Nov 6, 2013. 12:30 PM | Likes Like |Link to Comment
  • Can SandRidge Energy Revive Its Fortunes? [View article]
    tfree, EOG has huge NEGATIVE free cash flow for the last five years.
    You guys don't have a clue.
    Oct 30, 2013. 06:29 PM | Likes Like |Link to Comment
  • Why SandRidge Is One Solid Oil Stock To Buy [View article]
    Very well written. I just considered the term 'stacked play' the latest phrase Wall Street players are spewing at the public. Similar to peak rate production, liquids rich acreage and the abuse of boe.

    In reality the new 'stacked play' in the Mississippi lime indicates the play is not quite working (basin wide) as advertized but they have a few more zones to look at.
    Oct 20, 2013. 12:20 PM | Likes Like |Link to Comment