Factzplz

The Case for Natural Gas

CHK owns 24,000 sq. miles of land or lease rights. No other company comes close to this much oil/gas land.

CHK has 30,000 sq. miles of 3-D seismic data, which is why when 3 other oil companies failed to find gas in Haynesville, CHK found the largest gas find in the history of the US and 5th largest in the world.

CHK has its own 100,000 sq. ft. compressor building operation.

So, the debt, is not high when you factor in what it owns. CHK on that land has an exstimated 168 trillion cf of gas -- half of the current proved reserves of North America.

CHK is the most undervalued gas company -- bar none. CHK has all this land and 12 tcf of gas + $2 billion of cash, and has a market value of $10 billion. Versus XTO with a $21 billion market cap but has 1/2 the cash at $1 billion, and 11 tcf of gas, but the unproved unreserved gas is not known.

On this alone CHK is 1/4 the value that it should be at.

In time, the value will be realized.