Chesapeake Energy Called the Market's Bluff [View article]
The industry has just valued two of CHK's holdings, Haynesville and Fayettesville at $24B...look at PXP and BP purchases of a percentage of those assets - PXP $3.3B for 20% of Haynesville, BP $1.9B for 25% of Fayettesville...
That leaves the Barnett and Marcellus and various other holdings at around $4B...No way!
Market has undervalued CHK. They are selling dollar bills at 60 cents.
Buy while you still can get it at these prices...don't have to wait - it might not get to $40...
After all, in March A.M. promised 5 non-conventional oil plays in 4 states that will yield a minimum of 1B barrels of oil to CHK...and that';s not in anyone's calculation of CHK value so far...
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The industry has just valued two of CHK's holdings, Haynesville and Fayettesville at $24B...look at PXP and BP purchases of a percentage of those assets - PXP $3.3B for 20% of Haynesville, BP $1.9B for 25% of Fayettesville...
Sep 02 09:16 am
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All Comments by andydee »Chesapeake Energy Called the Market's Bluff [View article]
That leaves the Barnett and Marcellus and various other holdings at around $4B...No way!
Market has undervalued CHK. They are selling dollar bills at 60 cents.
Buy while you still can get it at these prices...don't have to wait - it might not get to $40...
After all, in March A.M. promised 5 non-conventional oil plays in 4 states that will yield a minimum of 1B barrels of oil to CHK...and that';s not in anyone's calculation of CHK value so far...