30 Stocks Worth Investigating for 2009 [View article]
Hedged a large amount of gas at over $ 8 for two years and sold a large amount of land to majors in partnership. When nat gas comes back, and it will, they can leverage huge positions quickly with rigs and equipment company owned. It's -27 in the mid west and they are burning gas and Russia is playing games which will certainly cause a international event .
On Jan 08 11:53 AM CHK Burned wrote:
> Chesapeake continues to be overleveraged on future returns based > on an over supply of natural gas. The $75 million dollar gift to > Mr. McClenden is further proof that Chesapeake expects further decline > in it's ROA. The stock lost over 60 percent of it's value in 2008 > and it's still rated as an outperform? Would somone please enlighten > me why this company continues to be rated so high? > > It sounds to me like the board of directors is filling Mr. McClenden's > pockets for his personal stock losses and is leaving other shareholders > high and dry. > > I really think that your list is a "sheeple" mentality. I see buys > in WFC, CX, GE & DE.
30 Stocks Worth Investigating for 2009 [View article]
On Jan 08 11:53 AM CHK Burned wrote:
> Chesapeake continues to be overleveraged on future returns based
> on an over supply of natural gas. The $75 million dollar gift to
> Mr. McClenden is further proof that Chesapeake expects further decline
> in it's ROA. The stock lost over 60 percent of it's value in 2008
> and it's still rated as an outperform? Would somone please enlighten
> me why this company continues to be rated so high?
>
> It sounds to me like the board of directors is filling Mr. McClenden's
> pockets for his personal stock losses and is leaving other shareholders
> high and dry.
>
> I really think that your list is a "sheeple" mentality. I see buys
> in WFC, CX, GE & DE.