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  • Chesapeake Bites McLendon [View article]
    @LEA: you harp on the cash flow "problem" but you don't back it up with real, cold numbers. Yopu didn't in your half-baked bashing article either. The hedges will take care of lots of your "cash flow worries" - rest assured.
    And, btw, if you think that at current NG prices drilling doesn't make money and production gets shut down left and right, then well, for how long do you think the NG prices will stay that low?
    Aubrey has made really good forecasts of NG prices right a year ago and half a year agon and the company's hedges were structured accordingly. They are hedged for the downturn times this year and next and in part the year after. And if you believe NG will be at $6 3 years from now, then you will have seen a lot of companies going under till then. but i don't think CHK would be among them.
    Oct 15 05:52 am |Rating: 0 0
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