Bottom line:
Chesapeake is one of the most polarizing stocks I've seen. I side with the bulls on this one, because I'm a sucker for a company with a ton of hard assets, but I acknowledge that the bears have very good arguments. As such, I will be watching this company closely to see if it continues its plan to reduce debt and increase production. It would signal the end of the era of irresponsibility and bring about a higher share price.Chesapeake has a Bakken position.
http://www.chk.com/Investors/Pages/NewsSummary.aspx
ReplyDeleteBig news today.
GTL. Nat. Gas to Liquid gasoline.
More oil.
Natural gas service stations.
The audio is also interesting.
Thank you for taking the time to comment. Things are getting very, very interesting.
ReplyDeleteThe market sinks; PIIGS in Europe need bailouts; the US is at an impasse on the debt ceiling; global economy is in flux (growing, slowing, who knows?) and yet oil pretty much held its own. Sure, the price of oil is down, but it is still above $90, not a far cry from the bogeyman of $100.