You don't buy up shares of stock from natural gas companies by showing you are concerned about
low levels of natural gas in storage. They are aware as you and I are. JMHO BMAN
I was also impressed with the analysts presentation. I think SD is going in the right direction with a great plan going forward. The Miss puzzle is fitting together nicely for SD. They have cracked some of the geology code and are making progress that we can all see.
If KLR attended the Analyst meeting they must be brain dead. SD meeting was very positive for the company and great forward vision by their management. They certainly appear to be making technical inroads to the Miss equation. You lose KLR in my opinion. Spend the time and listen to the Analyst's presentation. It is worth the time.
boar.....good and reasonable post. I posted the below on IV Board. Just some thoughts.
Doug taking charges and buying back equipment from COS was needed to set up sale or spin off of COS
(Chesapeake Oilfield Services's). Cleaning house is a necessary evil to position CHK going forward.
None of us like it, but to make this a more transparent company financially going forward Doug is doing the dirty work. Hopefully we should see a better transparent company that the Analysts can better support.
These results include the after-tax impact of the following items typically excluded by securities analysts in their earnings estimates:
A charge of $341 million for the impairment of certain of the company’s property and equipment and other assets;
A $154 million charge for restructuring and other termination costs;
A charge of $120 million for the purchase of debt and the extinguishment of a lease obligation in the Fort Worth, Texas area;
The net loss of $95 million on certain investments, primarily related to our proportionate share of an estimated impairment recorded by FTS International, Inc. on its non-depreciable assets;
In total, these items reduced net income available to common stockholders for the 2013 full year by approximately $422 million on an after-tax basis.
Adjusting for these items, 2013 full-year net income available to common stockholders was $896 million, or $1.50 per fully diluted share, which compares to adjusted net income available to common stockholders of $285 million, or $0.61 per fully diluted share, in the 2012 full year.
This increase is primarily the result of substantially higher year-over-year oil production, higher realized oil, natural gas and natural gas liquids (NGL) prices, and lower per unit production and general and administrative (G&A) expenses.
divin.....I think you have it right. For years we have been using oil from the east and other areas while our large producers have been sitting on their oil for higher prices. Only the big producers can make us energy independent if that is what they want. I don't believe they are ready to use all of their oil at these low prices. JMHO BMAN
CNBC stated the rise in Natural Gas prices is due to the record low storage. They stated the price could go as high as $7.00 with tomorrows draw on storage expected to be high.
They also predicted ( NOAA ) that the south would have warmer than normal temperatures this winter (MILD). What a surprise! After our present weather, anything above 32 degrees would be warm. We will see just how much storage gets used.
"A strong Polar vortex should generally confine the cold air to northern latitudes," says Dr. Todd Crawford from Weather Services International (WSI), a part of The Weather Company. "This should allow much of the South to bask in a mild winter."
gar, I would say that it has the attention of the large Hedge funds already. With Natural gas storage taking such a beating and the price rising that would be a good incentive to keep the price down on the second largest natural gas producer in America. The first largest producer isn't screaming as you would think it would be. It seems to be the normal investment manipulation. Would you expect anything different?
The byproduct of drilling for oil is natural gas. With the increase in the natural gas price SD can only be making more money. This is good for all investors. JMHO BMAN
They will not allow fracking or new pipes in their state. These facts will cost them much more for their winter heating. I am waiting for the state to start complaining about the industry gouging them. They can't have it both ways.
Yes, pre-market is no indicator of today's direction. CHK will be making some great profits from their associated gas and NG Liquids and oil. I see some real low risk growth this year. Management is making good decisions for the company and stock holders. JMHO BMAN
Commodity Futures showing 5.45. Profits will be rising. The bi natural gas produced will be great for SD the next quarter. Have stable prices will be is another guessing game. GLTA
It is so great to see our Government backing their well laid out plans for energy independence. All of the credit should got to them since their backing of the technology they developed is really helping our foreign debt. The keystone pipeline will be operating by 2016 if there are no more delays. Thank you dear Government for all that you have provided to the people of America!
They really need to stop burning coal on the other planets. Maybe we can negotiate for them to stop. Maybe we can dim the sun?