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  • 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...
    Sep 02 09:16 am |Rating: 0 0
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