Do you not watch the stock and the reflection to NG prices? They trend exactly. This is because the company was so much NG. They are making a move to oil in a big way. This takes time. I really don't get what the company could do more of to change the trend with NG above and beyond what they are already doin?
The ban on Fracking would drive NG pries though the roof...this could be good short term. The ban would only be in place short term...it's proven to be safe over the past 40 years and we have to heat our homes.
Why would you think a ban on fracking would be good?
A ban on fracking would bankrupt CHK and every other producer with huge investments in undeveloped acreage-not to mention all of the oilfield service companies including all the mom and pop businesses-then there would be many in the food industry that went under as well as lodging industry and many others.
Then banks would start failing like they did in the early 80's and we would be launched into a new GREAT DEPRESSION that made the last one look like it was just a bad day at the office!
Banning fracking is not going to happen for 2 reasons: 1-Because it has been done safely for over 60 years and no Obama political witch hunt is going to change that track record
2-Because it would cause a chain reaction that would not only bankrupt America and force a REAL dependency on imported oil that would be a major national security problem.
Sure a ban on fracking would increase the price of Natural Gas-because over 90% of ALL wells are fracked-even conventional vertical wells-Imagine stopping drilling on 90% of all wells in America-Now Thats Scary!
Nobody could predict the price of natural gas-but it would be at least 10 fold and makes you think it would be great for CHK and others-but remember that CHK and others have their gas hedged at near current prices for over a year- and the depletion rate on the new horizontals would play the best part of the wells out even before the hedges were up-Then you would have companies with billions and billions paid out in leases they could never drill... Makes me shutter to think about what could happen if Obama and Democrats had their way-as you know they ACTUALLY WANT skyhigh energy prices so that alternative energy could actually turn a profit and all this at the expense of the American taxpayer and the oil industry.
The 2012 election will tell a lot about America-mainly how many total fools we have walking around. Every vote cast for Obama will represent 1 complete walking fool!