Chesapeake: Is Management Sending Hints Of A Complete Buyout? [View article]
"You don't have to be a genius at XOM or CVX to break down the 347 Tcf of unproved gas equivalent into 247Tcf of actual gas and 16.6 billion barrels of liquids (30%), primarily light crude. At a dime per mcf and a buck per barrel, you again come up with $30.6 billion for the unproved and $20 billion for the proved. $50.6 Billion/640 mil shares = $79/share."
Don't forget to deduct (1) the significant debt, (2) the "fly now, pay later" financial obligations for the next 10 years under the volumetric production payments, (3) the "fly now, pay later" financial obligations under the joint venture agreements, (4) the "fly now, pay later" financial obligations under the trust arrangements, (5) the cost of litigation as Chespeake straightens out McClendon's past dealings with landowners, shareholders and governments, (6) drilling and development costs and (7) lease operating expenses.
If anybody wants to pur together a spreadsheet, I'd be interested in seeing it.
Chesapeake: Is Management Sending Hints Of A Complete Buyout? [View article]
Whomever owns CHK's assets during the next 10 years or 20 years or 30 years will see far more oil and gas out of each well than the technology and equipment delivered between 2000-2010."
Given that Chesapeake keeps selling its assets, it might make more sense to invest in those companies that buy the assets.
Chesapeake: Is Management Sending Hints Of A Complete Buyout? [View article]
I have no doubt that Shesapeake shareholders would love to cash out well above the current price. However, I don't see anybody rushing to present them with such an opportunity.
Whichever particular asset anybody wants to buy, it is either for sale today or will be for sale tomorrow - free and clear of Chesapeake's enormous corporate debt.
The issues have already been discussed quite heavily in several other threads, if you take the trouble to go through the archives.
The remaining wild card for me is whether an Argentinian judge will try to enforce the Ecuadorian judgement. That would be a good article, if someone wants to write it.
No Bakken, But Everything Else - Chesapeake Energy Is Set Up To Succeed [View article]
"CHK's board changes are expected to deter CEO Aubrey McClendon from future gambling actions. Further, activist investors Carl Icahn, who owns 8.9% of CHK, and Mason Hawkins, who owns 13.5%, now control a substantial portion of CHK's board of directors."
Actually, Icahn and Hawkins were already stockholders, and presumably well informed stockholders, when the wings came off Chesapeake. Replacing McClendon's cronies on the Board has so far not yielded a noticable reduction in spending.
4 Ways To Become A Better Self-Directed Investor [View article]
I think MLPs are of greater interest here on SA than elsewhere. However, if you were to judge solely by SA, I would have to conclude they are being overdone.
Delta Airlines' Oil Refinery: The Math Doesn't Work [View article]
I'm not familiar with the history of this refinery, does anyone have any insights on how much liability Delta might have bought?
Chesapeake: Is Management Sending Hints Of A Complete Buyout? [View article]
Don't forget to deduct (1) the significant debt, (2) the "fly now, pay later" financial obligations for the next 10 years under the volumetric production payments, (3) the "fly now, pay later" financial obligations under the joint venture agreements, (4) the "fly now, pay later" financial obligations under the trust arrangements, (5) the cost of litigation as Chespeake straightens out McClendon's past dealings with landowners, shareholders and governments, (6) drilling and development costs and (7) lease operating expenses.
If anybody wants to pur together a spreadsheet, I'd be interested in seeing it.
Marcellus Shale: What Do Gas Producers Say About The Play's Economics? [View article]
Instead of politics, how about an investment strategy or a few stock picks in keeping with the theme of Seeking Alpha?
The Silver Bullets Of The North American Energy Transport Infrastructure (Part II) [View article]
The US currently imports about 9 million barrels/day of crude, 7 million excluding Canada.
http://1.usa.gov/TiTx1Z
The US government is only prdicting 2 million barrels/day increase in US crude production by then.
http://1.usa.gov/NxMyQJ
Chesapeake: Is Management Sending Hints Of A Complete Buyout? [View article]
Given that Chesapeake keeps selling its assets, it might make more sense to invest in those companies that buy the assets.
Chesapeake: Is Management Sending Hints Of A Complete Buyout? [View article]
Whichever particular asset anybody wants to buy, it is either for sale today or will be for sale tomorrow - free and clear of Chesapeake's enormous corporate debt.
How Did Chesapeake Sell $12 Billion Of Assets And Actually Increase Its Debt? [View article]
Chevron: What The Numbers Say [View article]
That sort of decision - when a court declines to consider the case - does not tell us anything - one way or the other - about the case.
Chevron: What The Numbers Say [View article]
Chevron: What The Numbers Say [View article]
The remaining wild card for me is whether an Argentinian judge will try to enforce the Ecuadorian judgement. That would be a good article, if someone wants to write it.
Chevron: What The Numbers Say [View article]
What Intel's Situation Bodes For The Entire IT Space [View article]
English translation, please.
Chevron: What The Numbers Say [View article]
No Bakken, But Everything Else - Chesapeake Energy Is Set Up To Succeed [View article]
Actually, Icahn and Hawkins were already stockholders, and presumably well informed stockholders, when the wings came off Chesapeake. Replacing McClendon's cronies on the Board has so far not yielded a noticable reduction in spending.
4 Ways To Become A Better Self-Directed Investor [View article]