When speaking of the US economy and its being in jeopardy, my main worry is the US dollar. I think if there is a catastrophy of some sort that would cause oil to rip higher(war with Iran) and oil were to go up to $250 a barrel there would be serious problems. If using core inflation is the correct way (I have to trust the likes of Greenspan and Bernanke) then inflation is still in check and we can slowly let the housing bubble run its course. I still believe that the world relies on the United States and if we were to not just have a bear market and a "depression" as I would call it, the whole world will feel it. That is the one thing protecting our living on credit while the world saves.
EOG Resources: Continue to Buy on Pullbacks [View article]
Very good points by everyone, but I still like the stock in this market. The natural gas bull is just starting, and will continue to move. As for our oil problems, I dont have an answer, OPEC seems to be more interested in money then a recession here in the US. When food prices go sky high, they will feel it. God Bless.
Chesapeake Energy Appears Very Well Positioned [View article]
I would just like to appolagize for the mistakes in the article, first one, but it will get better. Check the chart though, my call is up 35% since the call and I believe it is going higher. With reference to hedging, with a company of this growth it is a good idea to hedge. The growth of production will more than satisfy investors in the coming future. Plus check the natural gas chart, even if there is a pull back in oil, natural gas still looks good on valuation with that commodity. As a long term holder in this stock, I was happy to here the CEO's interview on Fast Money speaking of hedging. He has bought a ton of shares and looks to continue to do so. I am long all year on this stock and will continue to do so. Thanks again everyone.
US Economy Still Has a Ways to Go [View article]
Plains Exploration Pays Chesapeake $1.65 Billion for 20% of Haynesville Shale [View article]
EOG Resources: Continue to Buy on Pullbacks [View article]
Chesapeake Raises $1.3B - More Marcellus, Perhaps? [View article]
Chesapeake Energy Appears Very Well Positioned [View article]
As a long term holder in this stock, I was happy to here the CEO's interview on Fast Money speaking of hedging. He has bought a ton of shares and looks to continue to do so. I am long all year on this stock and will continue to do so. Thanks again everyone.
California's Fuel-Efficiency Battle and Peak Oil [View article]