Thu, Oct 30, 2014, 11:14 AM EDT - U.S. Markets close in 4 hrs 46 mins

Recent

% | $
Quotes you view appear here for quick access.

Chesapeake Granite Wash Trust Message Board

  • newman1979 newman1979 Apr 26, 2013 12:27 PM Flag

    EIA storage of NG now 31.8% less than last year

    And 5.1% less than the 5 year average. The storage trend falling has been going on for a long time now. CHKR should benefit as prices improve long term. Not today however.

    Sentiment: Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • NG prices usually run about 2-3 months behind on payment of trust. Which means that the income of CHKR should go up next quarter from NG sales IF big IF they get a better price for NG which historically they have really gotten less than Henry Hub by a lot. H.Hub going above $4 bucks now and CHKR better get at least a 1.50 if they hold the lagging they have been getting.

      Long before they announced the bad news on the reserves and production of oil I was watching the very low price they were getting for NG. Most of CHKR revenue comes from oil and not NG however so even a 50% increase in NG price would not mean much in dividend unless oil goes up as well.

 
CHKR
10.3396-0.0404(-0.39%)11:09 AMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.