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cbernard

cbernard
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  • I Am Retiring And A DG Portfolio May Not Provide Enough Income. [View article]
    Thank you for this article. I am an avid Seeking Alpha reader and have spent a lot of time reviewing DY investment strategies for my impending retirement. This article was the first to truly capture an approach that helps to crystallize how I need to look at my investments going forward.
    Oct 31, 2014. 10:11 AM | Likes Like |Link to Comment
  • Chesapeake Energy (CHK -0.8%) has exploited little-known laws in Texas and at least three other states to force land owners to hand over drilling rights and sometimes forfeit profits, according to the latest Reuters special report on the company. Land brokers, land owners and lawyers say such deals are pushing ethical and legal limits. [View news story]
    This story is disingenuous. The mandatory pooling laws have been in place for decades. They were developed to allow consenting minerals owners the right to explore when a minority owner objected. The minority owner is given options: accept a government agency reviewed lease payment and royalty; or, participation in the working interest profits of a well(s) by posting its share of the costs. While there may be some question of ethics on the leasing activities, to merge these in with exercise of a stautory right of lease holders, is similar to mixing stock fraud with legally covered sale of shares.
    Oct 2, 2012. 05:01 PM | 1 Like Like |Link to Comment
  • "What are a [former] senator and governor doing on Chesapeake's (CHK) board?" Doug McIntyre asks, citing a lack of credentials to serve as public company directors as reasons why they should be sacked. But CHK's “issues with debt, liquidity, cash flow and low commodity prices aren’t going to go away just because they’re changing the board," Argus' Philip Weiss reminds.  [View news story]
    Both Frank Keating and Don Nickles have background in the oil and gas business. Keating's family was in the oil & gas E&P business. Nickles was in the service business, in addition to being from an area that was an historically prolific production area (home to both Conoco and Phillips). I assume the have also provided both guidance and political connections in regard to goverbnment and regulatory concerns. What is Doug McIntyre doing raising questions without back up facts?
    Jun 6, 2012. 09:59 AM | Likes Like |Link to Comment
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