Seeking Alpha

wald22

wald22
Send Message
View as an RSS Feed
View wald22's Comments BY TICKER:
Latest  |  Highest rated
  • Chesapeake Offers Upside Of Nearly 40% With Minimal Downside Risk [View article]
    The problem with CHK is that it can't profit from production so it has to keep selling parts. So far it has had good luck with selling some part or parts of the company every year. How long that can last nobody knows. To me the company is downsizing to meet debt obligations. It is drilling the best and leaving the rest. And it has to keep selling off parts and drill the best. But eventually the best is gone and you are left with the rest. Based on that to me the shares are worth $9 a share. Many bigger companies then CHK have looked at CHK and they don't want to pay more then $9 a share. They would rather just buy parts that they border with then the entire company. If I was CHK I would have an auction. Sell the parts off to the highest bidder. It will bring more that way then by selling it as one piece that is still left. I simply don't see CHK ever turn positive number by production alone. You simply can't keep putting $100 bills into the ground and get $90 back and call that profitable. You can't borrow your way out of debt. It is much easier to sell and let somebody else put $100 bills into the ground to get $90 back.
    Apr 19, 2015. 12:34 PM | 1 Like Like |Link to Comment
  • Study finds rising radon levels in Pennsylvania homes amid fracking surge [View news story]
    Fracking in ground near a water supply makes it dangerous. I have seen it time and time again when during fracking, the fracking process creates cracks in the rocks to the closest underground water supply. Once the cracks to the water supply are open, the pressure falls and all of the fracking supply is simply forced into the ground water. There needs to be a law that stops this fracking process whenever pressure falls more then 30% from the peak pressure. Water is not rock, and fracking water makes no sense. I used to live less then 2 miles from a fracked well. They hit oil and gas on the way down. Then they drilled horizontal for 3,000 ft + and fracked it. Within the first hour of fracking the fracking pressure dropped 36%. But they kept going for a few more days. My well for the cows started hissing on the first hour of fracking. I turned the pump on and let it run. There was so much gas and what looked like soap water coming out that I could have burned that water. I filed a report via the internet and somebody showed up within 3 hours. They put in a much bigger pump and pipe and let it run for 26 days. After the fourth day of pumping my ground was so water saturated that it started to flow into my neighbors ground. He had 26 cow calf pairs in there. His windmill well clogged up and the cows drank the water on the ground from my well. Within 2 weeks 7 of them died. The owner didn't even give a shit. He knew what was happening. The cattle to him were worth more dead then alive. He collected $300,000 on his so called loss, which was really a gain. And why not, he owed the bank more on those animals then what they were worth. Fracking ground water is not smart. If the pressure to frack open the rocks fails to hold and all of a sudden falls, that means the fracking fluid has found H2O. And when the fracking is done and pressure is removed the ground water flows into the oil well. They pumped oil water for 11 days, and it just kept on coming. Then they pulled the inside pipe and plugged the well. $8 million loss is just a tax write off.
    Apr 12, 2015. 12:41 AM | 1 Like Like |Link to Comment
  • The Weak Economic Data Is Bullish For Stocks [View article]
    We have become so stupid that we actually believe in dishonest standards. Falling bond yields in a country that is bankrupt are bullish for equities that are twice over overpriced is all made possible because so called investors have become lenders of last resort instead of equity holders in our so called stock market that has become the greatest fuckery operation ever put together. No wonder why we have a weakening employment growth and an ever lower worker participation rate. Then we have GE selling off parts of itself and borrowing a shit load of money to buy back their shares to increase the so called earnings per share, which is a big load of crap. We have become the greatest fuckery country in the world, all made possible by so called paper credit money that represents a dishonest standard. On our road to debt heaven we are going to end in poverty hell.
    Apr 10, 2015. 08:47 AM | 7 Likes Like |Link to Comment
  • The NGDP Futures Market Believes In The Great Stagnation [View article]
    To me the great stagnation is hear to stay because we have way too much debt. There is no bigger scrouge on our economy than commercial banks creating credit out of thin air, then lending that created credit from thin air as if it was money, then securitizing (bundling) the loans so they can be sold and shorted. In our economy markups makes more than 80% of GDP. We call it market economy. No wonder why 70% of our economy is consumption. The only reason our economy is getting so called better right now is because we live off of debt creation. Debt creation is not manufacturing. Fracking bubble was made possible through credit debt creation. So is the present livestock bubble.
    Apr 4, 2015. 09:13 AM | Likes Like |Link to Comment
  • Greece: Of Debt, Dreams And Realities [View article]
    Europe may save Greece for a short period, but the end result will be that Greek debt will have to be defaulted on. Greece will turn to Russia for economic assistance. From what I have seen, the Russian currency already has a foothold in Greeks black market. Not much in Greece trades outside of the black market. Greece simply has no money for debt redemption. Neither does the USA. But the USA can keep borrowing to retire maturing debt and to make interest payments. Should that ability to borrow be impaired, we in the USA will be in the same position. To this date nobody has been able to borrow their way out of debt. Greek debt holders simply have to accept a writedown of Greek debt they hold.
    Apr 2, 2015. 08:25 AM | 1 Like Like |Link to Comment
  • Chesapeake Energy- 50-100% Upside When The Turnaround Comes [View article]
    To me CHK is between a rock and a hard place much like the FED is. It needs to sell assets to reduce debt, yet it needs the assets to replace extracted reserves. It is sitting on a lot of land that needs to be drilled but at today's oil and natural gas price it is not worth to drill. We are in for a stronger US$ long term, thus paying debt with more dear dollars is going to be harder. I simply don't see oil and gas prices recovering the next 5 years. And if we start to export our oil and gas resources instead of rebuilding our manufacturing base, then we as a country are going to hell faster then what we already are.

    If I was CHK I would keep the drilling going by setting up a savings bank to finance the drilling with savings from every day people by using the new reserves as savings collateral. To me it makes sense to store the oil or gas where it is until higher prices, instead of pumping it to keep the banksters happy. The idea of forever screwing the consumer will only force the consumer to spend less. With less spending, the economy keeps contracting. Today our banking system is the greatest fuckery ever created. How can it be that lending thin air credit that has to be paid back as money for housing that is bundled and shorted to kingdom come is legal is way beyond me.
    Apr 1, 2015. 08:36 PM | 1 Like Like |Link to Comment
  • It's Already Priced Into The Market [View article]
    The FED is between a rock and a hard place of its own making. Its member banksters got everybody into way more debt then what could be paid, except themselves thanks to the bailouts. There is way too much debt out there for significant rate increase. Our US$ currency is backed by hot air, in the form of credit, blowing a bond and stock bubble that will all end in tears. The FED and its member banks have become the greatest fuckery ever put together. They are corrupt, unaccountable, aiming for central control via the unelected bureaucrazy. Going forward, the American people and their government owned by the banksters are no longer one. Economic stagnation is here to stay. Short term interest rates will move higher, but long term rates will have to go negative as we keep muddling through from one disaster to the next. We are now much like Rome in its last days. The elected so called representatives no longer represent the people.
    Apr 1, 2015. 04:48 AM | Likes Like |Link to Comment
  • The U.S. Dollar Bull Market Is Over [View article]
    To me the Fed is between a rock and a hard place. Too much debt for significant rate increase. Too much credit blowing the bond and stock market bubble for it to take a fall. I think dollar will continue to strengthen in order to preserve its reserve status. The US is transforming Ukraine into a proxy military aimed at Russia. Ukraine is using the IMF money to build up its armed forces, thus the call up to serve. The US Saudi deal for 1/2 priced oil for 1/2 priced gold has lowered oil prices and is hurting Russia a lot. Obama wants a deal with Iran to bring its oil online to the west and bring it out from Russia's influence. Saudi's are spending half of their gold income from oil on weapons, and most of that is going to the US.
    Mar 31, 2015. 06:22 PM | Likes Like |Link to Comment
  • Talkin' And Yellen: Understanding The Fed [View article]
    Going forward = Loans will have to be paid back in appreciating currency. That makes it harder. We are stuck in a permanent recession as the incentive to purchase today is removed with falling prices. Debt can no longer be inflated away with an appreciating currency, thus debt has to be paid back with money that is worth more. Gold is a currency, and it is showing slow and steady deflation. Janet Yellen must keep the US$ in an appreciation mode from here on out to save the US$'s reserve currency status. I agree with her data dependence statement and that data is the value of the dollar in relation to gold. She is doing everything possible to hurt gold and at the same time to help the dollar. That is going to be her undoing.
    Mar 31, 2015. 01:01 PM | Likes Like |Link to Comment
  • The Fed: We Aren't Using Forward Guidance Any More, But, By-The-Way, We Expect Interest Rates Will Only Rise Gradually [View article]
    Raising interest rates lowers bond prices, which hurts the banks. A rise in interest rates will bring about a stronger US$. Yellen wants neither. But the problem will be that volatility which is increasing. Consumers are spending only what they have, or can afford, which is not enough to keep the economy going. Our number one problem is the fact that our debt float is too big, and the fact that there is no way to reduce that debt float. Raising interest rates is not going to reduce that debt float.
    Mar 30, 2015. 05:10 AM | 2 Likes Like |Link to Comment
  • The Fed: We Aren't Using Forward Guidance Any More, But, By-The-Way, We Expect Interest Rates Will Only Rise Gradually [View article]
    Interest rates can not be allowed to rise because of the substantial bond losses to the banksters. And with that loss comes the derivative losses. The FED needs to face reality, and the reality is that suppressed interest rates (ZIRP) is not working. If I was the FED I would force the banks that hold the Treasury Bonds they hold to stick it up their ass. That is the easiest way to pay down our debt.
    Mar 29, 2015. 09:19 PM | 1 Like Like |Link to Comment
  • Talkin' And Yellen: Understanding The Fed [View article]
    The $700Trillion in Counter Party Global Derivative Risk problem never went away. The FED would be foolish not to consider that pyramid on the outlook of FED policy. This is the Primary Reason Central Banks are printing to infinity. Nothing is being done to fix it. There is no bid for new production (12% of the economy) because most of the public is broke. Consumption growth is deteriorating, productivity is going down. American consumers and businesses are unable to increase spending to offset the global slowdown. Mainstreet needs lower fuel prices, lower health care costs, lower housing costs, lower interest costs. Until productivity and wages for main street go up, the Fed had better think about how to lower the rates for mainstreet and raising them for Wall Street. The only reason we at the moment have some resiliency in the US economy is because the debt pile is growing at 26% and taxes are taking in 17% of the economy. Since 2008 corporate debt has doubled and was mostly used to buy back shares to increase earnings per share so called by accounting the loan proceeds as cash flow that was used in buying back shares. The so called resiliency is nothing more than borrowing to keep going. Ever lower interest rates makes that all possible. In 10 years from now the 9% of world debt that has a negative rate will change to 36%. In the next 10 years property taxes will double. Right now the principal paid on mortgages equals about what is being paid for property taxes. But 10 years from now it will be twice as much. The FED outlook so called is all bullshit. There will be an event that will make their so called outlook look stupid. So far the FED has removed the word patience. The FED is using a string to push water up hill. They are totally brain dead. Their data dependency is full of shit, for the data itself is full of shit. The FED needs to clean the shit out of their own house and start over. They need to think bottom up not top down. As more and more people simply exit the system to work towards self sufficiency instead of taking a job, there will be ever fewer people paying taxes, thus more new debt will be needed to service the
    old debt.
    Mar 29, 2015. 12:45 AM | 1 Like Like |Link to Comment
  • Talkin' And Yellen: Understanding The Fed [View article]
    The $700Trillion in Counter Party Global Derivative Risk problem never went away. This is the Primary Reason Central Banks have printed to infinity to support this monster global debt growth scheme. We keep forgetting and behaving as if it didn't happen. Doing nothing to fix it, is hardly the same as preventing it. Had we prevented it, we would't have to fix it. There is no bid for new production because most of the public is broke. Growth is deteriorating, productivity is going down. American consumers and businesses are unable to increase spending to offset the global slowdown. Mainstreet needs lower fuel prices, lower health care costs, lower housing costs, zero interest costs. Until productivity and wages for main street go up, the Fed had better think about how to lower the rates for mainstreet and raising them for wallstreet. If I was the Fed right now I would force banks to pay 5% interest on deposits for safekeeping instead of using customer money (savings) to invest in derivatives that serve as bank assets. What a scam. Long term we are going to hell. Absolute power corrupts absolutely. There is a good chance before the presidential election we have a 800 point down day on Wall Street. Something has to set the stage to undo the derivative pyramid.
    Mar 27, 2015. 10:28 AM | 1 Like Like |Link to Comment
  • Daily State Of The Markets: A 'Sheer Misery' Market Defined [View article]
    @jj937
    What is your guarantee backed with. I want to make sure I can't lose.
    Mar 24, 2015. 10:27 AM | Likes Like |Link to Comment
  • Green QE [View article]
    @John Wayne
    (It is possible that earnings per share increase as a result of buying back stock, but you don't borrow money and call it "earnings.")
    But that is exactly what most corporations are doing. Buy back shares with borrowed money, where the proceeds of that loan are used for stock buy backs and at the same time accounted for as cash flow. I am talking about trillions of dollars worth. Your earnings should be cashflow that ends up as part of earnings.
    Mar 23, 2015. 08:44 AM | 1 Like Like |Link to Comment
COMMENTS STATS
208 Comments
203 Likes