Macau is a cash cow, Philippines is built, no real money spent on Tokyo yet, and Barcelona is only on the chaulkboard. Conclusion? They best be buying back the stock on the open market, else Steve Wynn or Sheldon Adelson decides to acquire our Asian jewel.
Another fine mess you created for yourselves.
Borrow, drill, deplete, lose money, borrow and dilute, hedge at bottom, rinse and repeat.
Don't forget when your 'Board' wrote checks to buy Aubreys worthless 'art' collection because of his margin calls on this stock. LOL!
CHK, the natural gas producing dolt, has $11 BILLION in debt.
Icahn has provided some cover for your stupidity long enough.
Eventually, his purchases turn to sales. Got it ?
so ten years of billion dollars thrown into the advertising winds to promote....FLO.
Enjoy that new homeowners acquisition....willl fires and tornadoes scorch Flo's keister ?
HQ sale $4.7M minus Berman and Cope exit $2.8M = $1.9M.
LACO stock is lower today than it was in year 1999.
Everything is being arranged for Golden to make gold :)
It's laughable, except the part where the Hicks family will be rich for generations at the expense of public patsies who bought this, especially on the $15 IPO.
Just proves my theory that $11 BILLION in debt matters, and CHK is directly responsible for the natural gas super glut. You are your own worst enemy, other than Aubrey. There are limits to the amount of capital that Icahn will put into...the Titanic. LOL
There are limits to the amount of capital that Icahn will place in this sinking ship. $11 BILLION in debt and the ice berg of LOW natural gas prices has cut threw your stern. Chesapeake is the Titanic. Captain Aubrey said Full Steam Ahead.
So what you are saying is CVX is burning the furniture in the fireplace, to save the house from freezing ? Great biz you guys have here; borrow, drill, deplete, hedge at bottom, sell assets at bottom, dilute, borrow, lose money....rinse and repeat....produce till it hurts, and pray for higher prices. The business model allows clowns like Aubrey to rise to power.
Natural gas is not hauled around on trains. CHK is primarily a natural gas patsy of it's own making. Shut down 5000 of your most high volume natural gas wells and the price of natural gas would rise to normal economic levels.... around $5 MCF.
I thought Exit Oil & Gas was cool, but hey, Enron Oil & Gas has a much better ring to it, eh friend ?
How about those TAR SANDS ?!
Stop cherry picking. There is no way 45 cents MCF is accurate for the whole of production. Maybe a very few Haynesville OLD wells.
Records indicate this company has over 45,000 wells. Try turning the wrench to OFF on another 5000 nat gas wells and we Might see $3.00 MCF again.