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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

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    • 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.

 
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