so you longs think thats a GOOD thing??? Not a chance.... I don't a single long who made significant returns from being involved with a Carl deal... NOT ONE.... and this will be NO DIFFERENT.... so, good riddens to one loser, and welcome in the NEXT!
CHK's earnings and future all about the price of NG. Always have been, always will be.
Icahn can't do anything about the price of NG.
He will ride with the price of the underlying commodity.
No, he knows as you must, that CHK is worth more dead than alive. Thus he will do everything he can to sell it off in pieces or in total. Either way we as stockholders will reap the benefits.
Natural gas after 2015 is going to be shipped all around the world. Have you looked at the price of gas around the world? The price that Russia sells Natural gas is around $10mcf compared to the price in the U.S. of $3.00+.
Japan pays $10-15mcf for gas.
China is in deep trouble burning coal, with air pollution double the rate in Southern California. China is going to have to burn double the natural gas that they currently burn. Guess what that will do natural gas prices over the next 5-10 years.
If you purchased Netflix when Carl Icahn purchased in 2012, then you tripled your money.
There is a reason Forbes says his net worth is $14 billion. He makes big money most of the time on his investments.
I just purchased last week the same investment Carl Icahn purchased, CVRR limited partnership. I am up over $3 in one week. I am sure Icahn purchased at $25 expecting a 50-100% profit. I assume he does not make an investment unless he expects a 50% return. Sometimes he wins and sometimes he does not but I suspect he does it right 75% of the time.