Analyzing Devon Energy's Financial Debt And Risk [View article]
Jeff great article--Thanks. I have been watching DVN for the last several months and have been less then impressed. Your article puts DVN in a new perspective as far as a long term investor is concerned. I'm sure I will be going long on DVN.
I see where you have done a similar analysis of CHK. Have you performed such an analysis on SD? Will you??
Chesapeake Energy Needs More Change To Become A Successful Turnaround [View article]
Longterm Invester----Very well said. For many months after the attacks on AM began, I kept asking myself as well as others, if AM had done anything illegal, immoral, or unethical in regards to his participation in CHK's founder's well program. Further, it was my understanding that it was a all or none situation in the founders program. In other words he was not able to pick and choose which wells he would participate in---he had to take the bad with the good just like the shareholders. Aubery's lack of risk aversion is one of the things that made him such a successful "wildcatter". I too am in for the long haul with CHK. Slowly but surely this Nation is developing a energy independence policy that will pay-off well for all parties concerned--CHK, it's investors, and the Country. No doubt AM had his faults, but he had some pretty good ones as well--and created a good E & P Co. Unfortunately, the perceived fact that CHK needs money to continue its operations has hurt asset sales. My dad often said "desperate men do desperate things in desperate situations. The secret is to avoid the desperation". But I do believe CHK will weather this storm as well.
Good article. There were a number of "traders" out there trying to beat this horse to death. Looks to me that the cream is beginning to rise to the top. I agree with the author--I expect this stock to be in the 30's next year and do not anticipate anybody acquiring the company anytime soon. Currently I'm long the stock and am adding to my position at these levels. All I can say is hang in there Aubrey---and thanks for your vision and plans for the Company.
Issues Raised By Energy Transfer Partners' Acquisition Of 60% Of ETP Holdco [View article]
Equityboy,
I am now completely confused. I concur with PEMINC's follow-up question. Which is better in the short / medium term?? ETP or ETE? I seem to be leaning toward ETP but I am not sure --- The whole sum of transactions seem to be a convoluted mess.
This Stock Is Ready To Be Short-Squeezed After The Shale Gas Boom [View article]
Energy independence is an absolute necessity and political goal for the US. I believe a Romney Presidency will make it happen. I have always been a supporter of the 'Picken's Plan' and believe we can educate enough of the smart money in this country that they will eventually be dragged kicking and screaming to the realization that not only do we need a energy policy, but MUST BE NON-DEPENDENT on Arab Oil. We MUST become energy independent if the country is to remain any semblance of a Democracy. None of the Arab states are Americas friend---never have been and never will. The added benefit is we will not have to ever sacrifice another American soldier to protect the country's energy interest. I have spoken with enough energy professionals to determine that we can become energy independent within 10 years, per Governor Romney's program, and many say it is doable in as little as 5 years. Natural gas is a perfect means to accomplish that goal. Therefore, I am long WPRT and will remain to be so regardless of what the day trader 'shorts' want to do. I'll buy more as the stock pulls back--because in the long run with it's patents, the Company is a long term winner.
Chesapeake Energy Has 75% Upside Once CEO Leaves [View article]
At $100 / SH--I'm in. What a turn around that would be
As for the $100mm law suit, CHK is appealing the judges ruling which seems likely to be overturned. Seem the contracts were NOT fully completed and executed. It's another issue of the sellers not doing their due diligence as far as ownership of the mineral rights.
I have said on several occasions that AM is known as one of the best oil & gas executives in the country. Sure he has a tendency to be a loose cannon from time to time, but it is the nature of the wildcatter beast. He has done nothing illegal as far as I can tell. I truly believe he will continue to gain and have the support of the new BOD and will turn this Co. around in a very profitable way. I'm staying long CHK
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
I believe Aubrey is OK with the BOD. Understand that CHK is Aubrey's creation and it is his baby. I see No friction between the two as well as with the Chairman. CHK is going to be a BIG player in the production of America's energy independence and I'm convinced Aubrey is committed to that fact. I'm sticking with the Company and we are in it for the long haul. Watch what President Romney is going to do with the goal of energy independence. America will get there and CHK will be a major player. I believe the Co is a strong BUY right where it is right now.
Chesapeake Energy (CHK): Q3 EPS of $0.10 in-line. Revenue of $3.0B (-25% Y/Y) beats by $600M. Results exclude noncash after-tax impairment of $2B tied to carrying value of natgas and oil properties. Shares +2.1% AH. (PR) [View news story]
I agree with all of these comments. I am a long term inverter in CHK and have always believed the Co. would land on its feet. Folks in the business, that know Aubrey, said don't bet against him. I'm a believer. The CHK Board needs to keep a close rain on AM to keep him in check, but let this thoroughbred run. Daddy always said..."you will never win the Kentucky Derby on a jackass----It will always take a thoroughbred and AM is a throughbred.
The Obama administration delays a decision on whether to prevent a liquefied natural gas export license for Cheniere Energy (LNG), saying it needs more time to review a complaint that an environmental assessment did not go far enough. LNG's Sabine Pass is the only project so far to receive conditional Energy Department approval to export to countries without free-trade agreements. [View news story]
The Fact of the matter is---- BO is nothing more than stinky thinking. He is not and never has been for NG. Look at the millions of tax payer $ he has given away to solar & Battery Co's that failed and failed BIG [Solyndra & A123]. Best thing we as the American electorate can do is say it was a BIG mistake---and get rid of him and Send him back to Kenya.
SandRidge - Don't Overlook This Hot Value Play [View article]
Chris--- I am long SD and have been for a while. Good article and think you are correct about the Company's growth potential. I surely will be getting longer this Qtr.
Alternative Ways To Invest In Chesapeake Energy [View article]
I have said for sometime now, that this Country needs an energy policy to get us off OPEC oil COMPLETELY. Sorry guys, but I am Nationalistic enough to believe that if there was sufficient political leadership to that cause, we could do it in less than a decade. I'll take anything we can get in regards to completing this mission. Certainly it may well be easier if the federal government would take the lead, but if they don't let the States do it....and from there the Counties and Cities. If we would allow the energy companies like CHK, SD, DVN, APA, COP,XOM, etc. do what they do best and provide the hyrdocarbon energy we need. If the separate states and American cities would commit to using American energy---I think you would see stable and a profitable price in natural Gas that would be beneficial to everybody. I see no particular good reason for EVERY taxi cab, City Bus, garbage truck, local public works vehicles, etc, etc not being powered by natural gas. It has already shown to be helpful to city air quality, lower fuel cost, and less maintenance sensitive than gasoline or diesel engines. Immagine that happening in every city of any size in this great country.
AM bought into this portion of the "Picker's Plan" years ago and still believes in its process. I know this much---The governor of OK has the vision and we need to expect there will be others in the near to immediate future who will be beating this drum again. CHK will continue to be a leader in this endevor, but look at this Co as a long term investment---not a day trade.
The latest sign of Chesapeake's (CHK) comeuppance: It's putting up for sale the Fort Worth highrise it bought in 2008 for $104M that symbolized the company's boom times. The building should attract plenty of interest but probably not at the 2008 price; for CHK, getting high prices for its assets is important as it seeks to raise at least $13B this year. [View news story]
Pauliene--I'm with you. This Co and it's stock is not a short term trading instrument. It's an investment. All my homework indicates this stock is on a turn around and well on its way back to the 30's...Maybe this year. I'm hoping for a small pull-back so I can load-up with some more..... and if the election goes our way--look out.
Analyzing Devon Energy's Financial Debt And Risk [View article]
great article--Thanks. I have been watching DVN for the last several months and have been less then impressed. Your article puts DVN in a new perspective as far as a long term investor is concerned. I'm sure I will be going long on DVN.
I see where you have done a similar analysis of CHK. Have you performed such an analysis on SD? Will you??
Chesapeake Energy Needs More Change To Become A Successful Turnaround [View article]
Cheniere Energy Investor Day Highlights [View article]
Chesapeake Energy: Buy Or Sell? [View article]
Issues Raised By Energy Transfer Partners' Acquisition Of 60% Of ETP Holdco [View article]
I am now completely confused. I concur with PEMINC's follow-up question. Which is better in the short / medium term?? ETP or ETE? I seem to be leaning toward ETP but I am not sure --- The whole sum of transactions seem to be a convoluted mess.
This Stock Is Ready To Be Short-Squeezed After The Shale Gas Boom [View article]
Chesapeake Energy Has 75% Upside Once CEO Leaves [View article]
As for the $100mm law suit, CHK is appealing the judges ruling which seems likely to be overturned. Seem the contracts were NOT fully completed and executed. It's another issue of the sellers not doing their due diligence as far as ownership of the mineral rights.
I have said on several occasions that AM is known as one of the best oil & gas executives in the country. Sure he has a tendency to be a loose cannon from time to time, but it is the nature of the wildcatter beast. He has done nothing illegal as far as I can tell. I truly believe he will continue to gain and have the support of the new BOD and will turn this Co. around in a very profitable way. I'm staying long CHK
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
Any Rise In Natural Gas Price Will Make This Stock A Strong Buy [View article]
What's Going On With Chesapeake? [View article]
Chesapeake Energy (CHK): Q3 EPS of $0.10 in-line. Revenue of $3.0B (-25% Y/Y) beats by $600M. Results exclude noncash after-tax impairment of $2B tied to carrying value of natgas and oil properties. Shares +2.1% AH. (PR) [View news story]
The Obama administration delays a decision on whether to prevent a liquefied natural gas export license for Cheniere Energy (LNG), saying it needs more time to review a complaint that an environmental assessment did not go far enough. LNG's Sabine Pass is the only project so far to receive conditional Energy Department approval to export to countries without free-trade agreements. [View news story]
SandRidge - Don't Overlook This Hot Value Play [View article]
Alternative Ways To Invest In Chesapeake Energy [View article]
AM bought into this portion of the "Picker's Plan" years ago and still believes in its process. I know this much---The governor of OK has the vision and we need to expect there will be others in the near to immediate future who will be beating this drum again. CHK will continue to be a leader in this endevor, but look at this Co as a long term investment---not a day trade.
The latest sign of Chesapeake's (CHK) comeuppance: It's putting up for sale the Fort Worth highrise it bought in 2008 for $104M that symbolized the company's boom times. The building should attract plenty of interest but probably not at the 2008 price; for CHK, getting high prices for its assets is important as it seeks to raise at least $13B this year. [View news story]