Countering the CHK Trashing Tripe Machine of MichaelMoron, WetUnderPants and Other Short Sellers
They are very foolish if they think that their trash talking lies and misinformation in their posts and comments will derail the losses they are about to suffer in the ongoing and probably escalating short squeeze.
Here or some facts and truths that prove how very wrong they were to short CHK:
There seems to be a lack of companies rushing to buy CHK's Nat Gas properties at prices they SHOULD warrant, because there is a glut of Nat Gas supplies, which has depressed the price of Nat Gas, lowering the desire for or prices offered for Nat Gas properties.
Fleets are being converted to Nat Gas at utility companies, various levels of government, buses and mass transit, garbage trucks, big rig long haul trucks, heavy construction equipment and on locomotives and more.
Gas stations that decide to sell Nat Gas for consumer vehicles, will more than likely only have two filling terminals.
Your million dollar Nat Gas terminal is fiction because GE and Peake Fuel Solutions, which is owned by CHK, make a 20 foot long, "CNG in a box" system that can be delivered to fueling stations and fleet yards to supply Nat Gas to filling terminals for vehicles.
Peake is also producing packages that allow diesel engines to operate on a combination of diesel and CNG or LNG which will save money for the user in fuel costs and produce less pollutants.
Almost all, if not all new power plants that are being built will be run on Nat Gas, and power companies are also building Nat Gas "Peaker Plants" in urban areas so they can quickly supply power during periods of high energy demand, without having to build expensive major power plants which also require upgrades to existing distribution lines or the construction of new lines.
The new debt that CHK has is due to the new drilling they are doing to increase their percentage of profitable oil production and reduce Nat Gas production until the price goes higher.
So MichaelMoron, WetUnderPants and others in their Short Sellers Club can stick their false or misleading propaganda!
Get ready for the short squeeze because you're all about to lose your short selling butts!
It's too bad that Yahoo doesn't remove some of the repeatitive trash from the shorts like MichaelMoron and WetUnderPants or the irritating pumpers like SwamiPizzaMan !
Maybe if more people would flag their comments as abuse the posts would be removed ?
Regarding Peake's tech to use a diesel and Nat Gas mixture in engines, Cramer mentioned it on CNBC a few minutes ago, referring to it as Chesapeake's cleaner burning tech.