Will A New CEO Deliver Gains For Chesapeake Investors? [View article]
Hilarious how some investors like to slap "conservative" present value per bbl or mcf on CHK. These lead to value traps b/c someone thinks there are billions more of potential value. But real deal oil and gas operators know that CHK has serious lease expiration issues. And I mean serious. So any potential value associated with possible reserves is generally unattainable.
Chesapeake Energy Is A Great Retirement Fund Stock [View article]
Oh, good to know his only flaw is he is a gambler. After all, we're only talking about investments and other people's money. You left out price fixer as one of his other endearing qualities. Encana helped him out on that one.
Chesapeake Energy Is A Great Retirement Fund Stock [View article]
CHK: 9.445 million undeveloped acres. Assume avg 160 acre spacing at $5 mm per well, thats $295 billion future capex. Yeah, the Asians will come in for half that. ROLFMAO!
Exxon: 1.9x as many undeveloped acres, but 15x bigger than CHK
EOG: Just 0.5x as many undeveloped acres as CHK, but 1.3x bigger, and much better balance sheet.
Chesapeake Energy Is A Great Retirement Fund Stock [View article]
In the grand scheme of things, CHK may talk a lot of oil, but they are still largely a nat gas company. NGL prices, meanwhile, have collapsed. CHK=Nat Gas, no matter what they say.
Chesapeake Energy Is A Great Retirement Fund Stock [View article]
As CHKs go-to banker, Eads has done very well, both while CHK was levering up and now, as they are forced to lever down. The shareholder, however, has been massacred.
Chesapeake Energy Is A Great Retirement Fund Stock [View article]
CHK gets nowhere near the credit they should for their undeveloped acreage. Mr Market is telling you lease expiry is an issue. CHK had 9.445 mm undeveloped acres at year-end. Assuming avg 160 acre spacing and $5 mm/well to drill on average, thats future capex of $295 billion. Compare to Exxon. They had 17.8 mm net undeveloped acres, or 1.9x more than CHK. But XOM is 15x bigger based on Enterprise Value. A closer comparison is EOG. They have 1.3x the Enterprise value of CHK, yet only half as much future capex based on the same generic method applied to CHK. And EOG has a much better balance sheet.
I stopped watching in 2009. I just can't take Maria and Bob's "we're off the lows of the day" anymore, or Lies-man being a mouthpeice for the Fed/bailout economy. Cramer is dangerous to the average retail dufus. Only Haines and Olick were/are the only reporters who were attached to reality. Also in 2009, they ran the same 3 or 4 commercials non-stop. I was hearing them in my sleep. Not sure if that is still the case.
Notes from James Montier's The Flaws of Finance speech (given before the JPM news): "If you give CAPM and VaR to monkeys, they're going to create a financial crisis ... VaR (Value-at-Risk) is like a vest that is 95% bulletproof (fails when you need it) ... Bad models and bad assumptions tend to replace common sense ... The more abstruse the maths, the more uncertain the results." (full speech starting at about 18 min. mark; h/t Josh Brown) [View news story]
Knew a VAR guy at a hedge fund once. Smarter than a buggy whip. Fancy models galore. But he'd make statements like today's performance was a one-in-20,000 year event. Then he'd say it again a few weeks later. Models were shit and fund imploded.
Here's an interesting twist on the employment picture: Dentists across the country are noticing an increase in new patients coming through the door. Why? More people with health insurance as a result of getting full-time jobs. [View news story]
Well let me tell you something. When I was in school, a few of the kids in the class had braces. Now, entire classes have braces. Thats the taxpayer paying. Braces are cosmetic, and have nothing to do per se, with disease. Crooked teeth may look unsightly, just like a crooked nose, but I guess soon everyone will get a nosejob at the taxpayer expense. I also know of a dentist who runs one of these scams. He has 2 Gulfstream jets. He sends vans into the barrio to do day jobs. A news report just found kids who hadnt lost their baby teeth already had welfare braces. They had rotted teeth hanging in the wires. It is a scam. Your braces were free for you, but they werent free.
Here's an interesting twist on the employment picture: Dentists across the country are noticing an increase in new patients coming through the door. Why? More people with health insurance as a result of getting full-time jobs. [View news story]
Lots of dental scams going in here in Texas, at least. Free braces for every welfare kid. And I do mean every welfare kids. Sending vans out into the barrios to find 'em. Also advertising on the side of school buses. Like everything else in the country, its a scam.
12 Reasons Why the Food Safety Bill Could Be Dangerous for the Economy [View article]
I really would like to think their isnt some evil scheming entity out there aimed at world domination. But bills likethis really make me wonder what the motive really is. And nice timing on the egg recall.
Chesapeake Energy Corporation Announces $1.02 Billion Mississippi Lime Joint Venture [View article]
Will A New CEO Deliver Gains For Chesapeake Investors? [View article]
McClendon's Departure From Chesapeake Should Prompt Further Changes And Equity Appreciation [View article]
Chesapeake Energy Is A Great Retirement Fund Stock [View article]
Chesapeake Energy Is A Great Retirement Fund Stock [View article]
Exxon: 1.9x as many undeveloped acres, but 15x bigger than CHK
EOG: Just 0.5x as many undeveloped acres as CHK, but 1.3x bigger, and much better balance sheet.
Chesapeake Energy Is A Great Retirement Fund Stock [View article]
Chesapeake Energy Is A Great Retirement Fund Stock [View article]
Chesapeake Energy Is A Great Retirement Fund Stock [View article]
Chesapeake Energy Is A Great Retirement Fund Stock [View article]
Chesapeake Energy Is A Great Retirement Fund Stock [View article]
Has CNBC Lost Its Mojo? [View article]
Notes from James Montier's The Flaws of Finance speech (given before the JPM news): "If you give CAPM and VaR to monkeys, they're going to create a financial crisis ... VaR (Value-at-Risk) is like a vest that is 95% bulletproof (fails when you need it) ... Bad models and bad assumptions tend to replace common sense ... The more abstruse the maths, the more uncertain the results." (full speech starting at about 18 min. mark; h/t Josh Brown) [View news story]
Here's an interesting twist on the employment picture: Dentists across the country are noticing an increase in new patients coming through the door. Why? More people with health insurance as a result of getting full-time jobs. [View news story]
Here's an interesting twist on the employment picture: Dentists across the country are noticing an increase in new patients coming through the door. Why? More people with health insurance as a result of getting full-time jobs. [View news story]
12 Reasons Why the Food Safety Bill Could Be Dangerous for the Economy [View article]