Aubrey McClendon on Natural Gas Producers
McClendon is the CEO of Chesapeake Energy, and is not afraid to state his opinion. He recently spoke at an investment conference in New Orleans and spoke a lot about natural gas. He believes that gas-to-liquids is the wave of the future and would totally transform natural gas, which it is in need of. Devon Shire of Seeking Alpha, goes into further detail about Chesapeake’s growth and assets and even predictions about natural gas prices, and how McClendon fits into the equation. Chesapeake Production Growth and Asset Sales I’ve followed Chesapeake for what must be almost eight full years now.Every year Chesapeake provides production growth guidance and everyyear they exceed it. And the guidance Chesapeake provides isn’t a low growth, easy-to-beat target. Chesapeake entered the year 2000 producing roughly 250 MMCF/day .Ten years later the company was pushing 3,000 MMCF/day going from a small gas producer to the second largest natural gas producer in the United States. That is just an incredible accomplishment. The amount of production Chesapeake adds every year these days is equal to the total production of another top 10 natural gas producer. McClendon has made bold growth predictions for his company, and backed them up with performance. Some serious credibility points. Read the entire article here: http://turnkeyoil.com/2011/04/13/aubrey-mcclendon-on-natural-gas-producers/
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