Saturday, November 16, 2019

Natural Gas, Chesapeake, Jerry Jones, Comstock, And All That Jazz -- November 16, 2019

The other day it was reported that Comstock is in talks with Chesapeake to buy the latter's Haynesville's assets. This is going to be quite a story if it plays out the way Jerry Jones wants it to play out. Story at Reuters.

Jerry Jones is only 77 years old. He seems more mellow. He seems like he's not done yet. 

I'll come back to this one later.

The article has eight comments, so far.
He will join Kinder Morgan...KMI in a JV....to make use of not in service, idle HUGE Pascaguola deep port owned by KMI...with all permits; a 2 year's gain at least just on pérmits....for a MONSTER new LNG export plant own by Jerry Jones, Comstock ... a win-win for both!!!
Not so fast. Do not be surprised if this deal is not scuttled by CVX (Chevron), XOM (Exxon Mobil) or an activist investor that has accumulated 2%+ over the past week. Too many good assets held by CHK and there are many deep pockets that won't sit idly by and watch CHK be cut up like a T-bone steak by some Texas tycoon licking his chops, while CHK is primed to be taken out now. Something is going to happen here soon and it's going to be big. Just wait for the next PR to drop any day. Too many eyes on CHK right now and with over $1 billion in stock changing hands in 7 days, CHK is far from done and there is more news to come with 999.999% certainty. Go USA!!! Go CHK!!! Go Dow 30,000!!!

2 comments:

  1. Typical bull comment full of rumored hope. These people talk their books.

    Also has that trademark rant quality. For example triple exclamation points.

    ReplyDelete
    Replies
    1. Yes, the exclamation points were a bit over the top (though I suppose I have done something similar in the past on the blog). But the "all caps" AND exclamation marks were excessive. LOL.

      Having said that, I'm just amazed all the news Jerry Jones seems to make.

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