Westport Innovations: June Natural Gas Pricing Update Confirms Investment Thesis [View article]
Vacationear--Good for you & me too. The US dept of Energy was created to make the US as energy independent as possible. Of course politics & Lobbyist got involved and the programs basically went to the buzzards. I'm Nationalistic enough that I would pay more for NG just to keep the OPEC boys at bay. We are totally nuts if we don't take COMPLETE advantage of this NG opportunity we have.
I think Boone Pickens is throwing in the towel because the politicians are so bought and sold by the lobbyists!!
Chesapeake Appears To Be Taking An Aggressive Approach To Fixing Debt Concerns [View article]
Hey guys--What happens if the New US Federal Government establishes a policy (and means it) of Energy independence within 5 -7 years? Guess the NG drilling "time out" is over. and what is the value of CHK, XOM, SD, APC, etc. then?
After a sweeping rebuke representing "total collapse of investor confidence" in Chesapeake's (CHK +3%) board - shareholders rejected two directors up for re-election and only 20% approved CEO compensation - is Aubrey McClendon's ouster next? Two-thirds of CHK’s board could be new appointees by July 1, and McClendon won’t have hand-picked any of them. [View news story]
I have asked the question on several occasions--What illegal, immoral or unethical thing has AM done?? I have found a lot of disgruntled people, not necessarily share holders, spewing what their personal opinions are of Aubrey... but nobody has sited to me any statement of facts. There has been a number of comparisons between CHK and Enron, but I find none in my research. Sure the compensation packages for the CEO and BOD seem to be out of line in comparison to other such organizations. The actions on the part of Enron's CEO & BOD were Illegal, unethical, and immoral, which is why people were tried and put in jail. Maybe you boys should take a look at what the Banking Boys are knocking down, before as well as after, the Wall Street bail out.--- Remember the majority of share holders including Southeastern Investment approved all of these proxy's prior to their implementations at CHK. If NG goes back to $5 and Oil back to $100, CHK's debt will turn out to be quite manageable and shareholder value should certainly be on the up side.. I'm a believer in CHK as well as AM. If you don't like the Co.--sell it---that will leave more of it for the rest of us.
Aubrey McClendon (CHK) reportedly has hired ex-SEC lawyer Marvin Pickholz to represent him in an SEC inquiry into $1.3B in personal loans he obtained from an investment firm doing business with the company. The SEC is said to be looking into whether the loans posed a conflict of interest or should have been disclosed to shareholders. [View news story]
Cameraguy--- So what is CHK worth on the open market to Co.s like XOM, COP, etc?? How about TOT or BP or China Oil and Gas? If NG remains at the $2.50 to 4.50 level what is CHK worth. If you believe that the Co owns proven reserves that are worth what they say they are--this has got to be a $45.00+ stock. Obviously Carl Ichan believes the Co is worth something more than the $17 to 18 per share price he paid for the stock I'm staying long
You can shear a sheep many times, but you can skin him only once. The actions of Chesapeake's (CHK +3.3%) Aubrey McClendon aren't Enron-esque, but the actions - and CHK's legalese reaction - are remarkable in their tone-deafness, Kid Dynamite writes. CHK needs to understand that shareholders feel they may be getting sheared, and may react by bailing before they get skinned. [View news story]
Jack Wildcat--where did you get your information?? I assume ALL working interest in these wells pay their appropriate share of the cost associated with the well---including lease cost, brokerage, etc. If Aubrey is not paying his fair share and the Board is allowing it... that is one thing. If he is paying it that is another. I believe the on going IRS & SEC investigation(s) will bring this to light if these are the facts.
There certainly are a lot of negative opinions out there about Aubrey..Personally I want to give the man the benefit of the doubt. He has done a lot of "good" for a lot of people and built a pretty substantial company that helps employ a lot of American families. Some of you guys need to look for the good in Aubrey rather than all the bad. Further I am not as opposed as some to having the same person severing as CEO and Chairman at the same time. However, I want the CEO to be heavily invested in the Co. Stock with his own money, That way he has a pound of flesh in the game as well as the rest of the share holders aka. owners.
I believe we have seen the bottom, near term, for NG and CHK. The sooner ,we as a Nation, get together and get off this foreign oil binge we are on the better off this country will be economically. Remember these things come November--
Westport Innovations (WPRT) +8.3% premarket after announcing plans to team up with Caterpillar (CAT) to use natural gas technology for mining trucks and locomotives. CAT will fund the development program; terms were not disclosed. When the products go to market, WPRT expects to participate in the supply of key components. The companies also will develop nat gas technology for CAT's off-road engines. [View news story]
Wonder why WPRT is not making a profit? Trying to keep my opinionated emotions out of the equation. Like I said I would love to see a huge growth in the NG engine markets--- like school buses, city buses, mail trucks, Long haul trucking, garbage trucks, taxi cabs, etc. It has got to be a BIG Win-Win for North America. Let Chaves and OPEC keep their oil. This country needs to get as close as possible to energy independence as quickly as possible.
Obviously the WPRT / CAT deal is going to be a long term development deal, but every journey begins with the first step. Do you think WPRT has any chance of turning their earnings around this year??
Westport Innovations (WPRT) +8.3% premarket after announcing plans to team up with Caterpillar (CAT) to use natural gas technology for mining trucks and locomotives. CAT will fund the development program; terms were not disclosed. When the products go to market, WPRT expects to participate in the supply of key components. The companies also will develop nat gas technology for CAT's off-road engines. [View news story]
Is WPRT still in a partnership with Cummings to develop NG engines for the over the road truck industry as well as the local delivery market?
My opinion is there should not be a big city taxi cab, city bus, garbage truck, or local government vehicle including the US Postal service that is not powered by NG.
Chesapeake Appears To Be Taking An Aggressive Approach To Fixing Debt Concerns [View article]
Talk about risky---the author is recommending a pretty risky approach to the sell of CHK assets as far as I am concerned. I believe Aubrey has the right approach in selling non-core assets first and then seeing where we stand as a company before disposing of any of our core assets. As far as the BOD are concerned, the Board is making the right decisions right now. Keep in mind that Southeastern Investment placed Mr. Simpson on the board last year and with the addition of three additional selections plus Mr. Ichan's member and the NEW Independent Chairman will give them [ Southeaster / Ichan et al] a "super majority". We may be swinging the "balance of Power" too far the other way. It certainly can depend on how much knowledge and experience the new board members will have in the Energy industry and how best to manage the assets owned by the shareholders. Does anybody think our wildcatter oil industry may develop a over supply of oil and liquids like they did with NG?
Chesapeake (CHK) announces an agreement with its two largest shareholders, Southeastern Asset Management and Carl Icahn, to reconstitute its Board of Directors by replacing four directors with three new directors selected by Southeastern and one by Icahn. Aubrey McClendon remains CEO. CHK +2.7% premarket. [View news story]
Talked with a geoligist this weekend who has worked for CHK as well as SD. He believes the assets CHK is putting up for sale are fully worth what Aubrey says they are worth and that eventually CHK will be able to sell these assets at a fair market price, sooner rather than later. He thinks within the next 90-120 days.
I agree the compensation packages for Sr. Mgt & the board need significant modifications---but I think Ichan and Southwestern mgt will take care of this problem quickly.
Finally, I'm curious if these great energy companies that we have are not going to do the same thing to the price of oil that they have done to the price of NG in this country. All of the discoverys they have made and are making can make us 100% energy independent within 10 years and even sooner by about 5 years, if the country finishes the deal for the Keystone XL pipeline. For now--I'm staying with Aubery---I think eventually he will make us alot of $.
Chesapeake And An 'I Told You So' Moment [View article]
Thunderman55 you are spot on. As T. Boone Pickens said on CNBC the other day, Aubrey occupationally gets out over the tips of his ski's---but research shows that people who build large enterprises often are not adverse to risk...and obviously neither is Mr. McClenden.
Macthefloorguy--hang in there pal. I'm sure CHK will weather the storm of low Nat gas prices. I have heard others complain about the KOCH Brothers...and yes it is absolutely to their personal benefit to keep the price of Nat gas as low as possible for their fertilizer businesses. They understand clearly that $ talks, and BS walks. However it is up to us the people to educate ourselves on the facts and lets get a new crop of legislators in the House and Senate. Energy independence needs to be a priority in this country---Its up to us to make it that way.
Westport Innovations: The Capital Efficient Business Model, Part 2 [View article]
Steve K.S.
I agree 100% with your comments---so lets change Washington DC starting with the executive branch and 1/3 of the legislative branch. The American people need to keep the pressure on our government that we must and demand to become more energy independent, We can do and w/o much of a Sacrifice.
Chesapeake Energy: A Great Time To Bail? [View article]
I hate to be stupid--but I personally find no wrong doing on the part of Aubery McClendon, illegal, un-ethical, or improper. If somebody knows more than I do about Aubery's dealings I wish they would share it with all of us. Abbery obviously has a high tolarance for risk...but many founders of Co's. in the energy industry all seem to exhibit this same characteristic. Sure the granting of the Founders well program is lucrative---but was also granted to Tom Ward, CHK's Co-founder with Mr McClendon. Bob de'Long is not correct to infer that it is the shareholders who have the "skin" in the game---The loans made by Aubery were "personal" loans--and I'm sure he understands that financing institutions require collaterial for such sizeable loans.---A mere signiture on a promisary note is not enough. Aubery's 2-1/2% is a working interest which he must pay for in order to participate in the well(s). He had to borrowed the $ to do that.
The IRS & SEC have not indicated nor implied any wrong doing or even suspecion of such--and their audits are customary and routine. CHK and it's shareholders are not co-signers of Mr. McClendons notes. I think all of the inuendo expressed by the author are nothing more than jealousy that Aubery has the ability and the guts to borrow such a large sum of $ and he can't.
Live in OKC, Long CHK,--and buying more on this pull-back
You can shear a sheep many times, but you can skin him only once. The actions of Chesapeake's (CHK +3.3%) Aubrey McClendon aren't Enron-esque, but the actions - and CHK's legalese reaction - are remarkable in their tone-deafness, Kid Dynamite writes. CHK needs to understand that shareholders feel they may be getting sheared, and may react by bailing before they get skinned. [View news story]
Cheniere Energy: Who Will Lend Them The Money? [View article]
So what are the projected prices of N.G over the next 3-4 years?? What if Obama is not re-elected---Will that event have any real effect on the SUPPLY of and DEMAND for N.G.--Here in the USA as well as in the EU and Asia. There are some pretty smart people at BX. If they are in for 20% right off the bat---who am I doubt their bet on LNG / CQP
I hear that several EU nations are already proposing regs againest Hydraulic fracking---thus any new shale gas discoveries within Europe are for naught. With this huge push to cut everybodies "carbon footprint" I can't help but believe the demand for Nat Gas is going to do nothing but go up. Has anybody besides LNG been given a N.G. exporting license??
Westport Innovations: June Natural Gas Pricing Update Confirms Investment Thesis [View article]
I think Boone Pickens is throwing in the towel because the politicians are so bought and sold by the lobbyists!!
Chesapeake Appears To Be Taking An Aggressive Approach To Fixing Debt Concerns [View article]
After a sweeping rebuke representing "total collapse of investor confidence" in Chesapeake's (CHK +3%) board - shareholders rejected two directors up for re-election and only 20% approved CEO compensation - is Aubrey McClendon's ouster next? Two-thirds of CHK’s board could be new appointees by July 1, and McClendon won’t have hand-picked any of them. [View news story]
Aubrey McClendon (CHK) reportedly has hired ex-SEC lawyer Marvin Pickholz to represent him in an SEC inquiry into $1.3B in personal loans he obtained from an investment firm doing business with the company. The SEC is said to be looking into whether the loans posed a conflict of interest or should have been disclosed to shareholders. [View news story]
You can shear a sheep many times, but you can skin him only once. The actions of Chesapeake's (CHK +3.3%) Aubrey McClendon aren't Enron-esque, but the actions - and CHK's legalese reaction - are remarkable in their tone-deafness, Kid Dynamite writes. CHK needs to understand that shareholders feel they may be getting sheared, and may react by bailing before they get skinned. [View news story]
There certainly are a lot of negative opinions out there about Aubrey..Personally I want to give the man the benefit of the doubt. He has done a lot of "good" for a lot of people and built a pretty substantial company that helps employ a lot of American families. Some of you guys need to look for the good in Aubrey rather than all the bad. Further I am not as opposed as some to having the same person severing as CEO and Chairman at the same time. However, I want the CEO to be heavily invested in the Co. Stock with his own money, That way he has a pound of flesh in the game as well as the rest of the share holders aka. owners.
I believe we have seen the bottom, near term, for NG and CHK. The sooner ,we as a Nation, get together and get off this foreign oil binge we are on the better off this country will be economically. Remember these things come November--
Westport Innovations (WPRT) +8.3% premarket after announcing plans to team up with Caterpillar (CAT) to use natural gas technology for mining trucks and locomotives. CAT will fund the development program; terms were not disclosed. When the products go to market, WPRT expects to participate in the supply of key components. The companies also will develop nat gas technology for CAT's off-road engines. [View news story]
Obviously the WPRT / CAT deal is going to be a long term development deal, but every journey begins with the first step. Do you think WPRT has any chance of turning their earnings around this year??
Westport Innovations (WPRT) +8.3% premarket after announcing plans to team up with Caterpillar (CAT) to use natural gas technology for mining trucks and locomotives. CAT will fund the development program; terms were not disclosed. When the products go to market, WPRT expects to participate in the supply of key components. The companies also will develop nat gas technology for CAT's off-road engines. [View news story]
My opinion is there should not be a big city taxi cab, city bus, garbage truck, or local government vehicle including the US Postal service that is not powered by NG.
Chesapeake Appears To Be Taking An Aggressive Approach To Fixing Debt Concerns [View article]
I too am long CHK and anticipate getting longer.
Chesapeake (CHK) announces an agreement with its two largest shareholders, Southeastern Asset Management and Carl Icahn, to reconstitute its Board of Directors by replacing four directors with three new directors selected by Southeastern and one by Icahn. Aubrey McClendon remains CEO. CHK +2.7% premarket. [View news story]
I agree the compensation packages for Sr. Mgt & the board need significant modifications---but I think Ichan and Southwestern mgt will take care of this problem quickly.
Finally, I'm curious if these great energy companies that we have are not going to do the same thing to the price of oil that they have done to the price of NG in this country. All of the discoverys they have made and are making can make us 100% energy independent within 10 years and even sooner by about 5 years, if the country finishes the deal for the Keystone XL pipeline. For now--I'm staying with Aubery---I think eventually he will make us alot of $.
Chesapeake And An 'I Told You So' Moment [View article]
Macthefloorguy--hang in there pal. I'm sure CHK will weather the storm of low Nat gas prices. I have heard others complain about the KOCH Brothers...and yes it is absolutely to their personal benefit to keep the price of Nat gas as low as possible for their fertilizer businesses. They understand clearly that $ talks, and BS walks. However it is up to us the people to educate ourselves on the facts and lets get a new crop of legislators in the House and Senate. Energy independence needs to be a priority in this country---Its up to us to make it that way.
Westport Innovations: The Capital Efficient Business Model, Part 2 [View article]
I agree 100% with your comments---so lets change Washington DC starting with the executive branch and 1/3 of the legislative branch. The American people need to keep the pressure on our government that we must and demand to become more energy independent, We can do and w/o much of a Sacrifice.
Stoney
Chesapeake Energy: A Great Time To Bail? [View article]
The IRS & SEC have not indicated nor implied any wrong doing or even suspecion of such--and their audits are customary and routine. CHK and it's shareholders are not co-signers of Mr. McClendons notes. I think all of the inuendo expressed by the author are nothing more than jealousy that Aubery has the ability and the guts to borrow such a large sum of $ and he can't.
Live in OKC, Long CHK,--and buying more on this pull-back
You can shear a sheep many times, but you can skin him only once. The actions of Chesapeake's (CHK +3.3%) Aubrey McClendon aren't Enron-esque, but the actions - and CHK's legalese reaction - are remarkable in their tone-deafness, Kid Dynamite writes. CHK needs to understand that shareholders feel they may be getting sheared, and may react by bailing before they get skinned. [View news story]
Cheniere Energy: Who Will Lend Them The Money? [View article]
I hear that several EU nations are already proposing regs againest Hydraulic fracking---thus any new shale gas discoveries within Europe are for naught. With this huge push to cut everybodies "carbon footprint" I can't help but believe the demand for Nat Gas is going to do nothing but go up. Has anybody besides LNG been given a N.G. exporting license??
Cheniere Energy: Bright Future Lies Ahead [View article]