Chesapeake Energy Corporation Message Board

BEcuase you are so negative and such a baffoon!!!!

Wow, Mr. Hankes, the guy who doesn't know a MCF from a TCF, has mastered the obvious by figuring out that NG prices are low right now. Good job, moron. What's next - are you going to tell us that oil prices are also down a lot? You are a friggin' genius, dude. Please keep shorting - it's going to be hilarious to watch you get decimated.

massive reserves of a worthless commodity, polesmoker:

http://www.jacksboronewspapers.com/news/get-news.asp?id=11770&catid=5&cpg=get-news.asp

Gas, crude prices soft
Thursday, April 23, 2009
Alex Mills - Oil & Gas



The economic recession continues to keep demand for natural gas and crude oil down and prices soft.
The Energy Information Administration at the U.S. Department of Energy reports that natural gas prices continue to show considerable weakness because of oversupply. Natural gas prices at Henry Hub are 74 percent below the July 2008 price of $13.31 per mmBtu, their lowest price since 2002.
“A lower level of industrial demand for natural gas continues to play a key role in the natural gas market being generally low level of natural gas prices,” EIA said. “The economic weakness that led to the fall in industrial demand may persist in upcoming months.”

Natural gas stocks are 22.5 percent higher than the estimated five-year average.
On the supply side, producers are reducing activity, which impact natural gas supplies eventually.
Baker Hughes reports that only 808 rigs were working in the U.S. on April 3, which is 650 fewer than a year ago and 798 below the peak of 1,606 Sept. 12, 2008. Approximately 80 percent of the drilling rigs explore for natural gas and only 20 percent for crude oil. It will take awhile for production figures to fall when compared to previous years, because natural gas production has risen significantly during the past few years.

Additionally, most of the natural gas production in Texas comes from independent producers who find it more difficult to decrease production because of strong cash-flow needs.

i have gone all in now on a short for the home run !!!going below 11 just on technicals

And note that i am assuming an average price of $3/mcf for ng for the next ten years in arriving at my pv. get it? fact is, ng will go much higher than $3 over the next 10 years. so if $6/mcf turns out to be the real average, then pv is actually $40/share before counting unproven reserves. this is why any short position in chk at these levels is doomed to inevitable failure.

...thus, CHK has a PV of $20/share of net assets, BEFORE EVEN GIVING ANY VALUE TO ITS UNPROVEN RESERVES (WHICH ARE MASSIVE).

SO...how does your short position look now, MORON?????

"Do the math..."

57 Tcfe of unproven reserve potential - that on top of 12 Tcfe of proven reserve. Um, "do the math" you f'ing DOPE.

http://www.chk.com/Investors/Documents/Latest_IR_Presentation.pdf

"Hey brilliant, it would be $3.29/MCF not per TCF"

LMAO - completely understandable (par for the course, in fact) coming from a CLUELESS JACKASS such as this fool.

"and $23/share in debt, jackass. Do the math..."

What about it? It's no more than they've had historically as a % of their equity. CLEARLY YOU DON'T HAVE THE FAINTEST CLUE HOW TO READ A BALANCE SHEET OR ANALYZE CASH FLOWS, YOU COLOSSAL DIPSHIT.

PLEASE SHORT MORE - YOU WILL LOSE YOUR A$$, TRUST ME D'BAG.

mistr_hankey,

Hey brilliant, it would be $3.29/MCF not per TCF. Your only off by a factor of billion. What are you going to do when natural gas rallies next year? Blame it on a conspiracy?