The bad news just keeps rolling in for Chesapeake Energy (CHK), with sources saying that in the weeks before CEO Aubrey McClendon was stripped of his chairmanship, he arranged an additional $450M loan from a longtime backer which was simultaneously arranging a $1.25B round of financing for Chesapeake itself. [View news story]
I think this is actually good news, as it will open CHK for a buyout EXON should be very interested to acquire these excellent assets
5 Reasons Why Chesapeake Shares Should Be Sold [View article]
you all talk about CHK, what about CHKR, we bought on advice of :
-- Nathan Slaughter Chief Investment Strategist, Scarcity & Real Wealth
StreetAuthority.com
we bought at 28 1/2 and with the stock at 23 1/2 - yielding 12 1/2 % at the last quarterly dividend of 73 c - not a bad payout to wait for the shares to recover, but clearly there is a abundance of nat.gas available and more and more coming online every day, - looking at this trust a large % consists of gas and not oil assets - so given the low price of gas one can assume that the payout will fall in the near future. On the other hand the future of the US economy is more in gas than in oil - from conversion of trucks to liquid gas to energy production with gas turbines, the more the price of gas falls the more attractive will be investments in this energy space and the more the demand will go up in the future and with demand also the price, only problem is when ?
The bad news just keeps rolling in for Chesapeake Energy (CHK), with sources saying that in the weeks before CEO Aubrey McClendon was stripped of his chairmanship, he arranged an additional $450M loan from a longtime backer which was simultaneously arranging a $1.25B round of financing for Chesapeake itself. [View news story]
5 Reasons Why Chesapeake Shares Should Be Sold [View article]
-- Nathan Slaughter
Chief Investment Strategist, Scarcity & Real Wealth
StreetAuthority.com
we bought at 28 1/2 and with the stock at 23 1/2 - yielding 12 1/2 % at the last quarterly dividend of 73 c - not a bad payout to wait for the shares to recover, but clearly there is a abundance of nat.gas available and more and more coming online every day, - looking at this trust a large % consists of gas and not oil assets - so given the low price of gas one can assume that the payout will fall in the near future. On the other hand the future of the US economy is more in gas than in oil - from conversion of trucks to liquid gas to energy production with gas turbines, the more the price of gas falls the more attractive will be investments in this energy space and the more the demand will go up in the future and with demand also the price, only problem is when ?
Comments please
Philip Binder