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Chesapeake Energy Corporation Message Board

  • speculator1936 speculator1936 Sep 17, 2013 2:52 PM Flag


    Interesting that Devon has 5700 employees and generates $10.6 billion in revenues while CHK generates $7.3 billion in revenues with 10,000. All figures from Value Line. I don't know how comparable the companies are in their work forces, but it seems that there is a lot of room for cost cutting at CHK.

    Sentiment: Strong Buy

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    • If you really want to compare Devon to CHK, someone needs to provide the number of wells drilled by each company for the past four years. That will tell you who has the greater personnel need.

      And as to Devon's operations in the Alberta tar sands, man, I don't know what that involves, but I'm almost certain its not about hyd fracturing and horizontal drilling. Its more of a mining operation than a drilling op, to my understanding, and they get the land from the Canadian govt, its not private property. I would bet that Devon contracts out a lot of that operation.

    • And ohh yeah, here's something for all you newbys to the oil/gas industry .............

      Exploration = drilling = creates a ton of jobs . Its labor intensive

      Production = needs very few people.

      An older , more mature company like Devon, who primarily has grown through acquistion rather than exploration, is not going to have as many people, not nearly as many people.

    • Old subject, been beaten to death.

      Devon doesn't have the land dept that CHK has, they've not had the need.

      And Devon does not have the oil field service companies and they don't have their own drilling contractor as CHK does with NOMAC. CHK owns Performance Technologies, Great Plains Oilfield Rental, Hodges Trucking, and there's probably more I can not think of now, including a company that I think is called FracTech . Under AM , they were trying to become vertically integrated.

      I don't think there's any doubt that CHK no longer has a need for a large land dept. If someone did not see that coming nine months ago, then they probably should not own this stock. Land is the first to go and everyone knew CHK was no longer acquiring new properties.

      And Devon is heavy into the Alberta oil sands, I doubt they need a lot of landmen there.

      The new CEO spoke in NYC last week, he analyzed CHK's costs over the past two years ( I think anyway, could've gone back even further ) and said 50% of CHK's spending was in Land.

    • should have fired the beekeeper sooner!

    • I agree ....The best Company to work for is about to lose that honor.... Watch the margins go up...Incrementally

      • 1 Reply to dmorgan2151
      • Coincidentally, Devon is also one of Forbes top companies to work for. As is EOG Resources in Houston.

        And I bet recruiters for both of those companies are looking CHK personnel over closely right now, especially in geosciences.

        CHK is gonna get a short term pop in PPS, but they can't drill development wells for forever. And gas wells deplete faster than oil wells. The question becomes, how long can they keep increasing production from the properties they now own ?

        The next criticism you will hear from stock analysts ( given the company is not sold ) is that CHK is not replacing reserves.

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