Alamo

Why ExxonMobil Took the Nat Gas Plunge Now

Natural gas is an American treasure as well as an American resource.

It has the capacity to create good jobs that cannot be exported. It has the capacity to positively alter the trade imbalance. It has the capacity to clean our air while the country uses more of it and less coal, gasoline and diesel. It has the capacity to decrease our reliance on foreign sources---more often than not unfriendly sources--- for our primary transportation energy. and in the process enhances our national security.

Why aren't we utilizing this American treasure?

Better to support the world crude market controlled by OPEC, I guess. That quarter trillion dollars winding up in that market every year just might find better application here in these United States.

6 Natural Investments in Natural Gas

The comment by Imagasser above is worrisome as well as enlightening.and begs the question why a CHK dividend check was AT ANY TIME INSUFFICIENT?

At best it reflects very poorly on CHK's business practices assuming it was due to simply a clerical ommission. At worst, it suggests a very serious state of financial affairs. I am long CHK and would "like" to think the company is solvent. What IS the explanation Mr McClendon?

Chesapeake: When Gas Prices Will Recover

After carefully reading the CHK Conference call for Q3 '08, I came away satisfied that Chesapeake management has a handle on future developments whether or not, natural gas prices rise or fall. Considering that these comments were made in a highly uncertain economic climate Aubrey McClendon's team has hedged major percentages of 2009 and 2010 reserves at attractive prices. (75% in '09, 50% in'10)

Those hedges should be entirely sufficient to carry CHK profitably forward during the economic uncertainty going forward. Bottom line is the uncontrovertible fact that Aubrey McClendon has acquired very valuable undeveloped reserves and negotiated deals with companies that wanted a percentage of access to those properties. With the hefty cost involved in developing gas reserves I think it makes perfectly good business sense in sharing those costs while retaining half (or more) of the production when it does come on line.

The trick is "being firstest with the mostest", and when it comes to American unconventional natural gas reserves Chesapeake is at the top of their game. CHK and McClendon didn't become the top natural gas producer in the US by being stupid.