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Chesapeake Energy Corporation Message Board

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  • theblitzlucky theblitzlucky Jul 23, 2008 11:50 AM Flag

    xto conference call

    The XTO CEO Bob Simpson did make some negative comments about the Haynesville Shale during their conference call. His comments included "there's a bunch of hype going on", "there's no way that they can say at this point that 10 years worth of US production is there" and that "all the hype is bad for the industry". CHK and AM were not specifically named but everyone new who they were talking about. His comments concluded with "there is no way to know how much NG is there until holes are poked in the ground". This is during a quarterly conference call that XTO was reporting a good quarter but new that they were going to issue an additional secondary soon after. It was monotone in nature. I believe we're dealing with some major egos on both sides of the coin when it comes to XTO and CHK.

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