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    <title>Dale Swanson's Comments</title>
    <description>Dale Swanson's Comments RSS Syndication from SeekingAlpha.com</description>
    <link>http://seekingalpha.com/user/1093488/comments</link>
    <item>
      <title>Investing In Apache Corp - When Is A Good Time?</title>
      <link>http://seekingalpha.com/article/1369311/comments?source=feed#comment-18351731</link>
      <guid isPermaLink="false">18351731</guid>
      <content>
        <![CDATA[I need to look at their production reports to see that. Curious where that is. ]]>
      </content>
      <pubDate>Thu, 02 May 2013 09:31:53 -0400</pubDate>
      <description>
        <![CDATA[I need to look at their production reports to see that. Curious where that is. ]]>
      </description>
    </item>
    <item>
      <title>Investing In Apache Corp - When Is A Good Time?</title>
      <link>http://seekingalpha.com/article/1369311/comments?source=feed#comment-18076601</link>
      <guid isPermaLink="false">18076601</guid>
      <content>
        <![CDATA[Its my opinion that Apache will look very hard at selling its 300,000 acres in the Montana portion of the Bakken. They've only owned this for a short time but now that they took on a bigger role in Kitimat they will likely look to shedding assets that are not performing or in their short term plans. I wouldn't be surprised if they tried to monetize some of their Argentina assets either although I suspect only a few players would be interested in it. They are still bidding for assets in the GOM, and get a good rate of return on assets here. Few years ago they sold offshore Egypt NGas prospective acreage to Marathon in exchange for Mid-Continent or Permian Assets, they sold their Chinese interests. They are almost a pure, upstream player with no hedges in place thus when Brent dropped about $15 a barrel in the last 30 days this put downward pressure on the stock price even though it is selling for less then book value.]]>
      </content>
      <pubDate>Thu, 25 Apr 2013 10:12:46 -0400</pubDate>
      <description>
        <![CDATA[Its my opinion that Apache will look very hard at selling its 300,000 acres in the Montana portion of the Bakken. They've only owned this for a short time but now that they took on a bigger role in Kitimat they will likely look to shedding assets that are not performing or in their short term plans. I wouldn't be surprised if they tried to monetize some of their Argentina assets either although I suspect only a few players would be interested in it. They are still bidding for assets in the GOM, and get a good rate of return on assets here. Few years ago they sold offshore Egypt NGas prospective acreage to Marathon in exchange for Mid-Continent or Permian Assets, they sold their Chinese interests. They are almost a pure, upstream player with no hedges in place thus when Brent dropped about $15 a barrel in the last 30 days this put downward pressure on the stock price even though it is selling for less then book value.]]>
      </description>
    </item>
    <item>
      <title>Chesapeake Energy: The Best Play In Rising Natural Gas Prices</title>
      <link>http://seekingalpha.com/article/1324481/comments?source=feed#comment-17300471</link>
      <guid isPermaLink="false">17300471</guid>
      <content>
        <![CDATA[Look for oil prices to continue its downward pressure in the short term. WTI was down $4.53 for the week and Brent was down $5.90-in fact, Brent is down $14.78 for the month. US Supplies are at historical highs. ]]>
      </content>
      <pubDate>Sat, 06 Apr 2013 10:43:41 -0400</pubDate>
      <description>
        <![CDATA[Look for oil prices to continue its downward pressure in the short term. WTI was down $4.53 for the week and Brent was down $5.90-in fact, Brent is down $14.78 for the month. US Supplies are at historical highs. ]]>
      </description>
    </item>
    <item>
      <title>Chesapeake Energy: The Best Play In Rising Natural Gas Prices</title>
      <link>http://seekingalpha.com/article/1324481/comments?source=feed#comment-17300321</link>
      <guid isPermaLink="false">17300321</guid>
      <content>
        <![CDATA[I think the &quot;Par&quot; value he is talking about is the 6:1 historical trading of NG &amp; Oil. I'm sure he doesn't feel that is where NG is heading. Alot of wells were drilled and then not completed given the price. Some were held back or &quot;choked up&quot;.  If the price moves up then these constraints will be removed. ]]>
      </content>
      <pubDate>Sat, 06 Apr 2013 10:37:31 -0400</pubDate>
      <description>
        <![CDATA[I think the &quot;Par&quot; value he is talking about is the 6:1 historical trading of NG &amp; Oil. I'm sure he doesn't feel that is where NG is heading. Alot of wells were drilled and then not completed given the price. Some were held back or &quot;choked up&quot;.  If the price moves up then these constraints will be removed. ]]>
      </description>
    </item>
    <item>
      <title>How Much Money Can Apache Corporation Milk From Its Deep-Water Cow In The Gulf Of Mexico?</title>
      <link>http://seekingalpha.com/article/1271781/comments?source=feed#comment-16500001</link>
      <guid isPermaLink="false">16500001</guid>
      <content>
        <![CDATA[Correction:  Lucius Field is 300,000 million barrels recoverable-due to come online late in 2014. Heidelberg is due to come online in 2016.]]>
      </content>
      <pubDate>Tue, 19 Mar 2013 12:40:17 -0400</pubDate>
      <description>
        <![CDATA[Correction:  Lucius Field is 300,000 million barrels recoverable-due to come online late in 2014. Heidelberg is due to come online in 2016.]]>
      </description>
    </item>
    <item>
      <title>How Much Money Can Apache Corporation Milk From Its Deep-Water Cow In The Gulf Of Mexico?</title>
      <link>http://seekingalpha.com/article/1271781/comments?source=feed#comment-16498701</link>
      <guid isPermaLink="false">16498701</guid>
      <content>
        <![CDATA[Anadarko is selling a 12% interest in the Heidelberg field for $860 million remaining development costs. Estimated field size is 400 million barrels. Apache has an equal size share in the field. I think your estimate of what Apache's deepwater assets may be worth may be too low. Remember, they have Lucius Field too which is 200 million barrels. Anadarko sold a 7.2% interest in the field in 2012 for $556 million. Apache has a 11.7% interest in the field. ]]>
      </content>
      <pubDate>Tue, 19 Mar 2013 12:19:15 -0400</pubDate>
      <description>
        <![CDATA[Anadarko is selling a 12% interest in the Heidelberg field for $860 million remaining development costs. Estimated field size is 400 million barrels. Apache has an equal size share in the field. I think your estimate of what Apache's deepwater assets may be worth may be too low. Remember, they have Lucius Field too which is 200 million barrels. Anadarko sold a 7.2% interest in the field in 2012 for $556 million. Apache has a 11.7% interest in the field. ]]>
      </description>
    </item>
    <item>
      <title>Apache (APA) reportedly is weighing a sale of its deepwater assets in the Gulf of Mexico, perhaps beginning as sale process as early as next week. APA is seeking growth from onshore projects in North America, such as in the Permian Basin, but a sale would represent something of a strategy reversal.</title>
      <link>http://seekingalpha.com/currents/post/872441?source=feed#comment-15986101</link>
      <guid isPermaLink="false">15986101</guid>
      <content>
        <![CDATA[Mariners assets were agreed upon prior to BP blow-out--they took a long time to follow through on the purchase. Finalized many months afterwards. The GOM deepwater assets deteriorated in value since then. Ironically, Apache bought Egyptian pipelines and assets on the cheap. The Canadian NGas they purchased from BP needed to be wrote down. ]]>
      </content>
      <pubDate>Thu, 07 Mar 2013 12:28:27 -0500</pubDate>
      <description>
        <![CDATA[Mariners assets were agreed upon prior to BP blow-out--they took a long time to follow through on the purchase. Finalized many months afterwards. The GOM deepwater assets deteriorated in value since then. Ironically, Apache bought Egyptian pipelines and assets on the cheap. The Canadian NGas they purchased from BP needed to be wrote down. ]]>
      </description>
    </item>
    <item>
      <title>Apache: Can You Make Money Buying APA Below Book Value?</title>
      <link>http://seekingalpha.com/article/1228711/comments?source=feed#comment-15634211</link>
      <guid isPermaLink="false">15634211</guid>
      <content>
        <![CDATA[Couple things. Apache has never been one to buy back shares but they also don't dilute the existing shareholders with offerings, or by piling on the options (compared to some in the industry). They are moving ahead with a LNG project in Australia that is tied to the price oil. Biggest risk will be in generating cash to build out the Canadian NGAS joint/venture with Chevron. That sucker is huge, 25 TCF? Can anyone explain to me why EOG sold out it interest but then retained reserves in the same per its conference call.]]>
      </content>
      <pubDate>Thu, 28 Feb 2013 11:17:37 -0500</pubDate>
      <description>
        <![CDATA[Couple things. Apache has never been one to buy back shares but they also don't dilute the existing shareholders with offerings, or by piling on the options (compared to some in the industry). They are moving ahead with a LNG project in Australia that is tied to the price oil. Biggest risk will be in generating cash to build out the Canadian NGAS joint/venture with Chevron. That sucker is huge, 25 TCF? Can anyone explain to me why EOG sold out it interest but then retained reserves in the same per its conference call.]]>
      </description>
    </item>
    <item>
      <title>Bakken Update: Estimated Ultimate Recoveries In The Permian Part 3</title>
      <link>http://seekingalpha.com/article/1202481/comments?source=feed#comment-15208701</link>
      <guid isPermaLink="false">15208701</guid>
      <content>
        <![CDATA[I am waiting for Callon to announce results later this month. It has a 2nd horizontal well which was supposed to have been completed end of December. Alot is riding on that well for them. They are a small player and moving out of the GOM. They have prospective acreage on the edges of the fields...a big gamble?]]>
      </content>
      <pubDate>Tue, 19 Feb 2013 12:16:34 -0500</pubDate>
      <description>
        <![CDATA[I am waiting for Callon to announce results later this month. It has a 2nd horizontal well which was supposed to have been completed end of December. Alot is riding on that well for them. They are a small player and moving out of the GOM. They have prospective acreage on the edges of the fields...a big gamble?]]>
      </description>
    </item>
    <item>
      <title>No Bakken, But Everything Else - Chesapeake Energy Is Set Up To Succeed</title>
      <link>http://seekingalpha.com/article/1123851/comments?source=feed#comment-14276491</link>
      <guid isPermaLink="false">14276491</guid>
      <content>
        <![CDATA[I think you need to know a bit more about Libel and how that works. Aubrey is a public figure. He is open to criticism. Unless you can show malice and gross disregard of the facts you really cannot prove defamation. ]]>
      </content>
      <pubDate>Mon, 28 Jan 2013 17:04:44 -0500</pubDate>
      <description>
        <![CDATA[I think you need to know a bit more about Libel and how that works. Aubrey is a public figure. He is open to criticism. Unless you can show malice and gross disregard of the facts you really cannot prove defamation. ]]>
      </description>
    </item>
    <item>
      <title>4 Reasons Why Shares Of Callon Petroleum Could Be Poised To Drop</title>
      <link>http://seekingalpha.com/article/966811/comments?source=feed#comment-14236221</link>
      <guid isPermaLink="false">14236221</guid>
      <content>
        <![CDATA[I have a problem investing with Callon because of some past actions.  As the attached case shows, inside trading in Callon sent a former boyfriend of an accountant before the SEC for ill gotten gains for selling short shares on 11/26/2008 prior to a public announcement about the suspension of the Entrada well. The shares sold at $2.45 after the announcement losing 66% of their value the next trading day. Interestingly, Fred Callon sold 110,000 shares on 10/28/2008 and another 136,000 on 11/19/2008, just prior to the announcement. Coincidence? <br/><br/><br/><a rel='nofollow' target='_blank' href='http://1.usa.gov/sgCUfy'>http://1.usa.gov/sgCUfy</a>]]>
      </content>
      <pubDate>Sun, 27 Jan 2013 21:44:09 -0500</pubDate>
      <description>
        <![CDATA[I have a problem investing with Callon because of some past actions.  As the attached case shows, inside trading in Callon sent a former boyfriend of an accountant before the SEC for ill gotten gains for selling short shares on 11/26/2008 prior to a public announcement about the suspension of the Entrada well. The shares sold at $2.45 after the announcement losing 66% of their value the next trading day. Interestingly, Fred Callon sold 110,000 shares on 10/28/2008 and another 136,000 on 11/19/2008, just prior to the announcement. Coincidence? <br/><br/><br/><a rel='nofollow' target='_blank' href='http://1.usa.gov/sgCUfy'>http://1.usa.gov/sgCUfy</a>]]>
      </description>
    </item>
    <item>
      <title>No Bakken, But Everything Else - Chesapeake Energy Is Set Up To Succeed</title>
      <link>http://seekingalpha.com/article/1123851/comments?source=feed#comment-14048801</link>
      <guid isPermaLink="false">14048801</guid>
      <content>
        <![CDATA[ I think you can do better on the hero worhship thing. He may end going to jail for his (certainly paying a big fine) for his collusion on NGAS sales in Michigan. Do you think he is an ethical leader? That he places the interests of the stockholders equal to his own? ]]>
      </content>
      <pubDate>Wed, 23 Jan 2013 11:40:24 -0500</pubDate>
      <description>
        <![CDATA[ I think you can do better on the hero worhship thing. He may end going to jail for his (certainly paying a big fine) for his collusion on NGAS sales in Michigan. Do you think he is an ethical leader? That he places the interests of the stockholders equal to his own? ]]>
      </description>
    </item>
    <item>
      <title>No Bakken, But Everything Else - Chesapeake Energy Is Set Up To Succeed</title>
      <link>http://seekingalpha.com/article/1123851/comments?source=feed#comment-14048591</link>
      <guid isPermaLink="false">14048591</guid>
      <content>
        <![CDATA[true, but CHK did sell oil producing properties in the 4th quarter. This lowers the base. It will be interesting to see what the 1st quarter of 2013 results look like. This is when the NGas hedges are gone, the mid-stream assets contribution and write downs of properties, should be over. The balance sheet will be cleaner. We will get an idea what the profits will be like. I like to look at the Net Equity position on the balance sheet for changes.]]>
      </content>
      <pubDate>Wed, 23 Jan 2013 11:34:42 -0500</pubDate>
      <description>
        <![CDATA[true, but CHK did sell oil producing properties in the 4th quarter. This lowers the base. It will be interesting to see what the 1st quarter of 2013 results look like. This is when the NGas hedges are gone, the mid-stream assets contribution and write downs of properties, should be over. The balance sheet will be cleaner. We will get an idea what the profits will be like. I like to look at the Net Equity position on the balance sheet for changes.]]>
      </description>
    </item>
    <item>
      <title>Stephens analyst William Butler remains cool on natural gas but is bullish  on the energy sector, seeing upside for various small and  large companies. On his Best Ideas list:&amp;nbsp;Sanchez Energy (SN), which expects to grow to 6.6K boe/day next year - 330% growth, with 85% of it in oil; SN also boasts 10 years of drilling inventory and a sound balance sheet. He also likes CPE, QEP, HK, CXO, GPOR.</title>
      <link>http://seekingalpha.com/currents/post/762651?source=feed#comment-13754101</link>
      <guid isPermaLink="false">13754101</guid>
      <content>
        <![CDATA[I don't see the CPE recommendation yet. I agree they have cleaned up their balance sheet with the Habanero sale. They have alot riding on a well in the Permian Basin and were supposed to be have results for this horizontal well. No results makes me edgy. ]]>
      </content>
      <pubDate>Tue, 15 Jan 2013 18:38:38 -0500</pubDate>
      <description>
        <![CDATA[I don't see the CPE recommendation yet. I agree they have cleaned up their balance sheet with the Habanero sale. They have alot riding on a well in the Permian Basin and were supposed to be have results for this horizontal well. No results makes me edgy. ]]>
      </description>
    </item>
    <item>
      <title>Midstream Assets Sales Reason To Buy Chesapeake</title>
      <link>http://seekingalpha.com/article/1085421/comments?source=feed#comment-13108551</link>
      <guid isPermaLink="false">13108551</guid>
      <content>
        <![CDATA[I  believe the impairment was related to price of NGAS and NGAS assets for the most part. The SEC requires you to re-evaluate them in 1 year intervals. NGAS prices dropped dramatically last fall and hence the impairment 1 year later. CHK offset that with new reserves, primarily oil so the reserves did not change all that much. ]]>
      </content>
      <pubDate>Sat, 29 Dec 2012 23:50:50 -0500</pubDate>
      <description>
        <![CDATA[I  believe the impairment was related to price of NGAS and NGAS assets for the most part. The SEC requires you to re-evaluate them in 1 year intervals. NGAS prices dropped dramatically last fall and hence the impairment 1 year later. CHK offset that with new reserves, primarily oil so the reserves did not change all that much. ]]>
      </description>
    </item>
    <item>
      <title>Wait For Oil To Drop To $75 In 2013 Before Buying Chevron</title>
      <link>http://seekingalpha.com/article/1081961/comments?source=feed#comment-12994911</link>
      <guid isPermaLink="false">12994911</guid>
      <content>
        <![CDATA[Here is the link from the EIA on Global Oil Demand which I think contradicts Mr. Lebow's position. <br/><br/><a rel='nofollow' target='_blank' href='http://1.usa.gov/LoTPle'>http://1.usa.gov/LoTPle</a>]]>
      </content>
      <pubDate>Wed, 26 Dec 2012 12:29:48 -0500</pubDate>
      <description>
        <![CDATA[Here is the link from the EIA on Global Oil Demand which I think contradicts Mr. Lebow's position. <br/><br/><a rel='nofollow' target='_blank' href='http://1.usa.gov/LoTPle'>http://1.usa.gov/LoTPle</a>]]>
      </description>
    </item>
    <item>
      <title>Wait For Oil To Drop To $75 In 2013 Before Buying Chevron</title>
      <link>http://seekingalpha.com/article/1081961/comments?source=feed#comment-12994571</link>
      <guid isPermaLink="false">12994571</guid>
      <content>
        <![CDATA[I did not read Mr. Lebow's comments but I have a few concerns. We are producing more oil but still import alot of oil each day. Oil supplies are ample, refined products including diesel are at low end of range's. The most recent EIA report notes that world oil production lagged demand by about 2 million barrels a day in the last month, I believe it was dated 12/20/12. The biggest issue I see is any economic damage caused by the Fiscal Cliff, although we have seen that historically this does not make LT negative impacts in demand. ]]>
      </content>
      <pubDate>Wed, 26 Dec 2012 12:23:09 -0500</pubDate>
      <description>
        <![CDATA[I did not read Mr. Lebow's comments but I have a few concerns. We are producing more oil but still import alot of oil each day. Oil supplies are ample, refined products including diesel are at low end of range's. The most recent EIA report notes that world oil production lagged demand by about 2 million barrels a day in the last month, I believe it was dated 12/20/12. The biggest issue I see is any economic damage caused by the Fiscal Cliff, although we have seen that historically this does not make LT negative impacts in demand. ]]>
      </description>
    </item>
    <item>
      <title>2 Tax Bounce Candidates: Apple And Genoil, And What Investors Are Missing</title>
      <link>http://seekingalpha.com/article/1066211/comments?source=feed#comment-12962371</link>
      <guid isPermaLink="false">12962371</guid>
      <content>
        <![CDATA[here is a link regardng Lukoil &amp; Genoil testing agreement for its oil years ago. <br/><br/><a rel='nofollow' target='_blank' href='http://bit.ly/VZPUcS'>http://bit.ly/VZPUcS</a>]]>
      </content>
      <pubDate>Tue, 25 Dec 2012 00:26:23 -0500</pubDate>
      <description>
        <![CDATA[here is a link regardng Lukoil &amp; Genoil testing agreement for its oil years ago. <br/><br/><a rel='nofollow' target='_blank' href='http://bit.ly/VZPUcS'>http://bit.ly/VZPUcS</a>]]>
      </description>
    </item>
    <item>
      <title>2 Tax Bounce Candidates: Apple And Genoil, And What Investors Are Missing</title>
      <link>http://seekingalpha.com/article/1066211/comments?source=feed#comment-12642751</link>
      <guid isPermaLink="false">12642751</guid>
      <content>
        <![CDATA[Its not really a cut &amp; paste off the website. This is new info concerning the Lukoil discussions heating up, this is new info concerning the Crystal Sea being modified or tested for Fracking Solution, this is new info. ]]>
      </content>
      <pubDate>Sat, 15 Dec 2012 19:47:29 -0500</pubDate>
      <description>
        <![CDATA[Its not really a cut &amp; paste off the website. This is new info concerning the Lukoil discussions heating up, this is new info concerning the Crystal Sea being modified or tested for Fracking Solution, this is new info. ]]>
      </description>
    </item>
    <item>
      <title>Bakken Crude: The Refiners' Top Choice</title>
      <link>http://seekingalpha.com/article/1051331/comments?source=feed#comment-12445181</link>
      <guid isPermaLink="false">12445181</guid>
      <content>
        <![CDATA[I had read somewhere bakken oil shipped to east coast was costing approx $10 a barrel. Given its discount to WTI and higher quality it was still worth it. Pipeline can move same oil for $2 a barrel. Lack of capacity is the issue. ]]>
      </content>
      <pubDate>Mon, 10 Dec 2012 12:15:58 -0500</pubDate>
      <description>
        <![CDATA[I had read somewhere bakken oil shipped to east coast was costing approx $10 a barrel. Given its discount to WTI and higher quality it was still worth it. Pipeline can move same oil for $2 a barrel. Lack of capacity is the issue. ]]>
      </description>
    </item>
    <item>
      <title>Bakken Crude: The Refiners' Top Choice</title>
      <link>http://seekingalpha.com/article/1051331/comments?source=feed#comment-12418441</link>
      <guid isPermaLink="false">12418441</guid>
      <content>
        <![CDATA[Inherent is the correct answer. The biggest issue that refiners have world-wide is the increasing sulfur content due to the declining light oil reserves. The transformation to usage of heavier oil's (And higher sulfur content) will take massive investments. In Saudia Arabia the Manifa field will be coming on line in the next few years, nearly one million barrels of day capacity. The sulfur content is just shy of 3%. Refiners &quot;choke&quot; on this. Equipment breakdowns result as the sulfur literally eats away @ the piping, increased downtime for maintenace, increased costs for catalysts to assist in the chemical breakdown, and the costs to dispose of the sulfur and resid (which is like a hockey puck) all occur. <br/><br/>Genoil is in talks with Lukoil and has formed a partnerhsip with SBK Holdings in Dubai to work on their heavy oil transformation. SBK is a private entitly formed by the oldest son of the Ruler of UAE, and likely heir to the throne. The spread for reducing the sufur content by over 90%, the nitrogen content by 50% and increasing the API is approx $2 a barrel. As you can see by your slides, the Margins jump dramatically.]]>
      </content>
      <pubDate>Sun, 09 Dec 2012 11:52:32 -0500</pubDate>
      <description>
        <![CDATA[Inherent is the correct answer. The biggest issue that refiners have world-wide is the increasing sulfur content due to the declining light oil reserves. The transformation to usage of heavier oil's (And higher sulfur content) will take massive investments. In Saudia Arabia the Manifa field will be coming on line in the next few years, nearly one million barrels of day capacity. The sulfur content is just shy of 3%. Refiners &quot;choke&quot; on this. Equipment breakdowns result as the sulfur literally eats away @ the piping, increased downtime for maintenace, increased costs for catalysts to assist in the chemical breakdown, and the costs to dispose of the sulfur and resid (which is like a hockey puck) all occur. <br/><br/>Genoil is in talks with Lukoil and has formed a partnerhsip with SBK Holdings in Dubai to work on their heavy oil transformation. SBK is a private entitly formed by the oldest son of the Ruler of UAE, and likely heir to the throne. The spread for reducing the sufur content by over 90%, the nitrogen content by 50% and increasing the API is approx $2 a barrel. As you can see by your slides, the Margins jump dramatically.]]>
      </description>
    </item>
    <item>
      <title>Apache Continues To Struggle, But Could Rally On Higher Oil Prices</title>
      <link>http://seekingalpha.com/article/973101/comments?source=feed#comment-11245431</link>
      <guid isPermaLink="false">11245431</guid>
      <content>
        <![CDATA[It is not a mistake to have to write down Ngas assets. It is required to do so quarterly in Canada and annually in US per SEC 12 month averaging rule. I surprised we didn't see this announced this quarter for US Ngas assets. Chesapeake had to do so. Sure, Apache's NGAS assets in the US are not as concentrated like Chesapeake--I might look closer at their 10k to see if they tipped us off on this. I think Apache does a wonder ful job of keeping investors appraised of they're dealings and production. I love their management team. They are not afraid to limit or &quot;hold back&quot; risky adventures. Thus, they're debt/equity ratio is a manageable 29%-I agree they are a buy Long Term. I foresee some short term pressure on the share price strictly from market prices for energy. They are essentially unhedged so they are hit harder by this then an intergrated or hedged company. I wish I had some more investable cash to do so.]]>
      </content>
      <pubDate>Mon, 05 Nov 2012 11:39:30 -0500</pubDate>
      <description>
        <![CDATA[It is not a mistake to have to write down Ngas assets. It is required to do so quarterly in Canada and annually in US per SEC 12 month averaging rule. I surprised we didn't see this announced this quarter for US Ngas assets. Chesapeake had to do so. Sure, Apache's NGAS assets in the US are not as concentrated like Chesapeake--I might look closer at their 10k to see if they tipped us off on this. I think Apache does a wonder ful job of keeping investors appraised of they're dealings and production. I love their management team. They are not afraid to limit or &quot;hold back&quot; risky adventures. Thus, they're debt/equity ratio is a manageable 29%-I agree they are a buy Long Term. I foresee some short term pressure on the share price strictly from market prices for energy. They are essentially unhedged so they are hit harder by this then an intergrated or hedged company. I wish I had some more investable cash to do so.]]>
      </description>
    </item>
    <item>
      <title>Chesapeake Energy (CHK -4.7%) slides in early trading after management warns in its Q3 earnings conference call that some asset sales could be delayed. Debt reduction targets for 2012 may slip into early 2013 as closings for deals may be pushed into that time period. CHK also says its rig count is down 46%&amp;nbsp;YTD; it is "essentially unhedged for 2013."</title>
      <link>http://seekingalpha.com/currents/post/636561?source=feed#comment-11199241</link>
      <guid isPermaLink="false">11199241</guid>
      <content>
        <![CDATA[Ngas is undeged for 2013--Oil is 70% hedged I recall. ]]>
      </content>
      <pubDate>Sat, 03 Nov 2012 12:48:28 -0400</pubDate>
      <description>
        <![CDATA[Ngas is undeged for 2013--Oil is 70% hedged I recall. ]]>
      </description>
    </item>
    <item>
      <title>Apache: Buy This Hot Oil And Gas Stock Before 2013</title>
      <link>http://seekingalpha.com/article/941871/comments?source=feed#comment-10848961</link>
      <guid isPermaLink="false">10848961</guid>
      <content>
        <![CDATA[I think in the short term the price may come down with all in the oil &amp; gas industry. However, since they are unhedged and are 100% upstream company they're share price should fluctuate more then an integrated company like Chevron. I still think they are relatively cheap at historic levels. Since they already announced that 3rd quarter production was relatively flat, (4th quarter production is up to 800,000 BOED) I will be watching the markets reaction to the earnings announcement as well as SEC required, non cash charges for natural gas assets in the US. (SEC uses a 1 year average in determining the valuation of assets) They have been making quarterly adjustments for Canadian NGAS assets all along.]]>
      </content>
      <pubDate>Wed, 24 Oct 2012 12:32:27 -0400</pubDate>
      <description>
        <![CDATA[I think in the short term the price may come down with all in the oil &amp; gas industry. However, since they are unhedged and are 100% upstream company they're share price should fluctuate more then an integrated company like Chevron. I still think they are relatively cheap at historic levels. Since they already announced that 3rd quarter production was relatively flat, (4th quarter production is up to 800,000 BOED) I will be watching the markets reaction to the earnings announcement as well as SEC required, non cash charges for natural gas assets in the US. (SEC uses a 1 year average in determining the valuation of assets) They have been making quarterly adjustments for Canadian NGAS assets all along.]]>
      </description>
    </item>
    <item>
      <title>Why Chesapeake May Be Headed Lower</title>
      <link>http://seekingalpha.com/article/862461/comments?source=feed#comment-9360851</link>
      <guid isPermaLink="false">9360851</guid>
      <content>
        <![CDATA[Not only that, they have not recategorized their NGAS acreage to reflect current prices. When they do, the covenants on some of these bonds may be in activiated. The book value will take a huge hit. Did I read that they sold the pipeline assets for 3 billion when they had previously announced it was going to sell for 4billion to another firm. ]]>
      </content>
      <pubDate>Wed, 12 Sep 2012 10:33:16 -0400</pubDate>
      <description>
        <![CDATA[Not only that, they have not recategorized their NGAS acreage to reflect current prices. When they do, the covenants on some of these bonds may be in activiated. The book value will take a huge hit. Did I read that they sold the pipeline assets for 3 billion when they had previously announced it was going to sell for 4billion to another firm. ]]>
      </description>
    </item>
    <item>
      <title>Chesapeake Could Slip To $13 Lows By 2013</title>
      <link>http://seekingalpha.com/article/841511/comments?source=feed#comment-9027671</link>
      <guid isPermaLink="false">9027671</guid>
      <content>
        <![CDATA[I think the article was informative on the grounds of CHK dealings but I wished the article stayed on point. Based on the title of the Article the analysis doesn't tell me why or how $13 was chosen. Instead, maybe just use the term negative? Or PUT options review could have been tried. <br/><br/>Again, Chris alot of this is &quot;new&quot; info to me but comparing book values with its competitors is not accurate since its been somewhat established that CHK assets are not accurately portrayed. ]]>
      </content>
      <pubDate>Sun, 02 Sep 2012 11:57:28 -0400</pubDate>
      <description>
        <![CDATA[I think the article was informative on the grounds of CHK dealings but I wished the article stayed on point. Based on the title of the Article the analysis doesn't tell me why or how $13 was chosen. Instead, maybe just use the term negative? Or PUT options review could have been tried. <br/><br/>Again, Chris alot of this is &quot;new&quot; info to me but comparing book values with its competitors is not accurate since its been somewhat established that CHK assets are not accurately portrayed. ]]>
      </description>
    </item>
    <item>
      <title>Chesapeake Energy Is A Great Retirement Fund Stock</title>
      <link>http://seekingalpha.com/article/819351/comments?source=feed#comment-8706191</link>
      <guid isPermaLink="false">8706191</guid>
      <content>
        <![CDATA[Couldn't agree with you more. His resignation could result in price appreciation of the stock more then the movement in the price of oil or ngas. Whatever happened to the term &quot;maximizing shareholder value&quot; ? Some day this company could be a Harvard Business School case study in ethics. ]]>
      </content>
      <pubDate>Thu, 23 Aug 2012 15:43:17 -0400</pubDate>
      <description>
        <![CDATA[Couldn't agree with you more. His resignation could result in price appreciation of the stock more then the movement in the price of oil or ngas. Whatever happened to the term &quot;maximizing shareholder value&quot; ? Some day this company could be a Harvard Business School case study in ethics. ]]>
      </description>
    </item>
    <item>
      <title>ATP Ready To Leap On $68 Million Lawsuit</title>
      <link>http://seekingalpha.com/article/686321/comments?source=feed#comment-6846361</link>
      <guid isPermaLink="false">6846361</guid>
      <content>
        <![CDATA[The only thing I can think of this article was submitted several days ago and is finally hitting the airways. The lawsuit sounds like a desperate measure for a desperate company, a Hail Mary. The 30% pop in stock price for two days was more then likely due to short covering. Stock has since floated down to its previous levels. <br/><br/>Exxon suffering a blow because NG production levels in Poland test wells were not sufficient?  Not really, not at all. <br/><br/>It seems to me that one should use other smaller independent oil &amp; gas drillers to make comparisons to instead of Integrated Multinationals like Chevron, BP &amp; Exxon. No one will appreciate the dictomony. ]]>
      </content>
      <pubDate>Wed, 27 Jun 2012 11:52:17 -0400</pubDate>
      <description>
        <![CDATA[The only thing I can think of this article was submitted several days ago and is finally hitting the airways. The lawsuit sounds like a desperate measure for a desperate company, a Hail Mary. The 30% pop in stock price for two days was more then likely due to short covering. Stock has since floated down to its previous levels. <br/><br/>Exxon suffering a blow because NG production levels in Poland test wells were not sufficient?  Not really, not at all. <br/><br/>It seems to me that one should use other smaller independent oil &amp; gas drillers to make comparisons to instead of Integrated Multinationals like Chevron, BP &amp; Exxon. No one will appreciate the dictomony. ]]>
      </description>
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    <item>
      <title>Apache's New Discoveries Will Propel Stock Higher By 2013</title>
      <link>http://seekingalpha.com/article/678231/comments?source=feed#comment-6730001</link>
      <guid isPermaLink="false">6730001</guid>
      <content>
        <![CDATA[APA has made many recent purchases of assets. I don't see them making major purchase with CHK at this time as they have many years of drilling to begin with in the US interior. ]]>
      </content>
      <pubDate>Sat, 23 Jun 2012 17:59:36 -0400</pubDate>
      <description>
        <![CDATA[APA has made many recent purchases of assets. I don't see them making major purchase with CHK at this time as they have many years of drilling to begin with in the US interior. ]]>
      </description>
    </item>
    <item>
      <title>Apache's New Discoveries Will Propel Stock Higher By 2013</title>
      <link>http://seekingalpha.com/article/678231/comments?source=feed#comment-6729981</link>
      <guid isPermaLink="false">6729981</guid>
      <content>
        <![CDATA[True, gold needs to be mined and we are not sure what the price of it will be down the road. However, the gas will be shipped to the BC Coast &amp; Asian buyers and not into the US Market Place. There is a major disconnect here as you know. There is also political risk in Argentina as Repsol discovered. ]]>
      </content>
      <pubDate>Sat, 23 Jun 2012 17:57:29 -0400</pubDate>
      <description>
        <![CDATA[True, gold needs to be mined and we are not sure what the price of it will be down the road. However, the gas will be shipped to the BC Coast &amp; Asian buyers and not into the US Market Place. There is a major disconnect here as you know. There is also political risk in Argentina as Repsol discovered. ]]>
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