bindlepete

Chesapeake Energy Unable to Rally Even After Positive News

HeY Aubrey was a victim on his own hype although unquestionably he has brought in a lot of gas. I am sorry he was called out and hope that it doesn't affect his commitment to the Company.

The problems are that oil has tumbled, that the gas industry is bordering on glut and most of all the expansion of growth in sales and use has been passive on the part of the industry itself. I

It reminds me of the coal industry that was displaced by oil in the chemocal feedstock industry because the coal folk refused to put any money into research as to use of their product. They gave the chemical industry away.They got fat just saying you want coal? just back up to the tipple what you do with it is your business.

Natural gas is doing little more with their compressed gas vehicles. Why are they not converting the gas to methano or dimethyl diesel ? for transportation use? Stupid I suppose. The Chinese are spending a fortune in the far more difficult conversion of coal to these two transportation fuels.

Go with M-85 and the glut will dissappear and CHK will be back on track to develop and sell its resources.