BrotherMaynard

Energy Roundup: Chesapeake Changes Its Plans

via morningstar:

"Under a low scenario of long-term natural gas prices of $5, we believe Chesapeake is worth around $8. In this hypothetical low case, we expect production growth and capital spending to drop considerably and costs to moderate. We also think that the firm's projects in Appalachia, Fayetteville, and Haynesville would become top priority given their superior economics. In a high side case of long-run natural gas prices $10, we anticipate that growth would kick into high gear, with cost inflation to follow. Under this scenario, Chesapeake is worth around $145."

I'd rather buy a lottery ticket.

Energy Roundup: Chesapeake Changes Its Plans

What happens to CHK if nat gas prices go to $4?

$3?

If you can't answer those questions, you shouldn't be investing around CHK.