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  • cpb38 cpb38 Sep 16, 2010 4:03 PM Flag

    If I were CEO, I wouldn't take this beating lying down.......

    Your numbers are not "very conservative".
    Look at page 38 of CHK's most recent investor presentation. It values HS unproved at $ 0.35 per MCF, at MCF of $ 6.00/shr! That number would go lower with gas at $ 4/mcf.
    Also, look at XCO's July presentation, page 7. It values unproved at 0.35 - 0.50. I did not see a MCF figure.
    That, finco,is called a comparable. Forgive me if I asked you for a comparable for your number of $ 1 that you seemed to pull out of nowhere.
    To me, posting a random valuation of $ 1 is not constructive.

 
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