"Obama is visiting India with business leaders. Is Chesapeake included?"
There is no way that Obungler would encourage any agreement that would increase fracking- NO WAY. He is pushing solar which the Indians are not stupid enough to do. Just read that China is using 15% less solar today than one year ago. Solar is dead and that is all that Obungler cares about.
Could there be a deal between India and CHK? Yes
1. Sell CHK to India- not too likely. Much of CHK value is "know how" in the heads of managers. There would be no guarantee that the "know how" would stay. Also, there is a big disconnect between what shareholders would take and the current share price.
2. Buy some reserves like SWN did- possibly. However, India doesn't have the resources to develop them.
3. Long term contract to purchase LNG and NGL- very possible. India can lock in prices so that they can develop infrastructure at home to use these materials.
4. Joint venture with some of CHK holdings- very possible. India would get LNG, NGL and expertise. CHK would get cash and infrastructure financing for LNG.
I would be very interested in other thoughts. Can anyone support a scenario where an outright sale of CHK to India makes sense to India?
"Keystone all along, but it makes very little sense in today's climate. Not a good use of the taxpayers dollars." Unlike these "sustainable energy" boondoggles, no one is asking for any taxpayer money for Keystone. It will transport fracked crude from the Dakotas as well as tar sands crude from Canada. Besides, you want Canada's ox gored, but will cry like crazy if someone gores your ox. We would all be better off with less gov'mint, less cronyism and more honest competition.
Nothing on this board worth reading anymore. It is a shame.
WW- "The wealthy didn't create the middle class, pinhead. The middle class created the wealthy."
150 years ago, the vast majority of Americans and humans in general were farmers. They either plowed the earth by hand or behind a beast of burden. You may call that middle class, but that just shows your ignorance. Today, 3% of Americans are farmers and they are basically all middle class businessmen. People like McCormick, Carnegie, Mellon and Rockefeller made this happen. Maybe their methods were rough, but we shouldn't judge 19th century men with 21st century standards. They made it happen. Not the gov'mint, not a middle class that DID NOT EXIST. It only happened because the United States existed. All other nations rose like a tide raising all boats.
Obama has had only a negative effect on our economy. The biggest positive has been the oil industry that he has fought and continues to fight every inch of the way.
Jeez, AD and WW are still at the ugly politics, huh. I am disappointed in you AD. I haven't been on this message board much recently since it became all about politics and ugly insults, but thought there might be some decent commentary about earnings. No Such Luck.
So Fox got an idiot for a talking head. I don't recall him ever being on there much, but the left wing press is claiming that he is THE Fox Terrorism Expert. I think they are lying, too.
The interesting thing is that Fox apologized and he will never be seen again on Fox, no doubt. When is MSNBC going to apologize for that race-bating extortionist Sharpton and get him off the air.
I am an Irishman from Iowa, so they probably won't come for me in my lifetime, but I still find it very upsetting to see people make such ugly comments about an out-of-favor group as I see happening on this message board this afternoon.
I have dealt with a great many Jewish people in my career and have found them to be probably more ethical and honorable than the average American. Stop the bigoted comments. You are a disgusting excuse for a person.
I you agree give me a thumbs up and maybe this creep will go away.
INTC has said that they only project what they know will happen. 100 good things might happen and a couple of them will. Beating is almost automatic. Why would anyone sell the stock because their admittedly sandbagged projection is not as high as the ANALyst"s projections who are not suppose to sandbag. Tomorrow would be a good time to buy.
"you need to review the financials and you will see that CHK has only one half enough in current assets to pay current debts"
You seem to be unaware that you are looking at an old balance sheet. When they report next month, they will be adding in the $5bil that they got from SWN, the $1bil that they were going to use to buy back some bonds and about $1bil other from smaller deals. They will have close to $8bil in cash. Plus, they have a $5bil line of credit. CHK will be on a buying spree soon- their own stock, assets from BK E&P companies, and outstanding bonds. If they can get their costs down so that they are cash flow positive with $50 oil, this will be an outstanding investment. If you are short, I would cover before the next earnings report.
Sentiment: Strong Buy
"CHK headed to $10 and under soon." If they hit $10, they could literally buy all their shares with the cash they have on hand.
king-... Thanks for the information. Do you really believe that there was really just some cheap liquefied natural gas floating around? I have noticed that crude imports are up for the last month or two even though our storage is getting full. I wouldn't call it dumping, but it appears that the supply situation is being exaggerated. It looks like KSA has declared war on CHK, not Iran.
Politicians and journalists love to hate the oil companies and the banks. There is no way that the price of anything can propped up for any length of time by manipulating options. The price of oil has been propped up by OPEC- a cartel- that has intentionally conspired to hold product off the market. The oil companies and banks have destroyed the cartel with hydraulic fracturing. As a result, the price dropped probably too far. It will seek a proper balance based on supply and demand like it should.
The option trades do not affect the stock price, but options traders may sell calls and then short stock so that the option expire worthless. There are other strategies, but that is an example of how options might be used in market manipulation.
Frankly, I don't see how a new (smaller) cartel does anything. If they actually cut production (and KSA is the only member that actual cut production in the past), we would increase our production. If prices stayed high, we would increase our production another 5 million barrels a day, at least, in the next 5 years. That would mean that they would have to keep cutting. In 5 years, these countries would be broke and probably the current rulers would have been overthrown.
There are only two fixes to the current low prices- 1. global economic expansion. There is plenty of room for that, but most of the world is socialist and growth is difficult. 2. War. I am all for a great big Sunni vs. Shia war. Let them focus on terrorizing each other for a century or two. I just hope we have the good sense to stay out of it.
Keep in mind that those hedges are worth the same on the market whether the oil or gas is produced or just traded.
No one is going to produce a marginal barrel of crude below the marginal cost. Who on this Earth is producing marginal crude for $20? Maybe KSA and Kuwait. Sure, there might be a few wells that produce really cheap crude in Texas, Russia and Iran, but that is not marginal cost. The marginal cost is the next well they drill and includes fixed costs. I think $50 is below marginal cost and crude starts back up pretty soon.
"I've done nothing but watch nat gas collapse since 2009, and my elec and gas bill go up steadily since that time." Politicians (mostly with a D after their name) keep forcing utilities to install solar panels and wind mills. That is why your electric bill will not go down. It is time to stop that nonsense.
"Still 60 above last year." If you add in Canada, we are down 77 for week and we are below a year ago. How come that is not getting in the press? Remember- if you sell, that will be the day CHK bottoms. Don't let them take your shares.
" there was absolutely 1 foot of snow on the ground in vegas it was all over the news here in los angeles"
I live in Vegas. Not there now, but will be back on Saturday. There is no snow there now. They may get an inch tonight. They might have a foot of snow on top of Mount Charlston at 12,000 ft. That is 30 miles north of Vegas. Here is a local weather story.
By KIMBER LAUX
LAS VEGAS REVIEW-JOURNAL
People celebrating the eve of the New Year in Las Vegas may be seeing more than confetti falling from the sky.
The best chance for snow — it’s a 60 percent chance — will come late Wednesday afternoon and early in the evening, according to National Weather Service meteorologist Chris Stachelski.
Even though the storm system is carrying less moisture than was forecast Saturday, Las Vegas will likely see between a half-inch to an inch of snow and record low temperatures, Stachelski said.
Wednesday morning and early afternoon is forecast to have wind speeds between 10 and 15 miles per hour, with gusts in the low 20s.
Those should drop off toward the evening though — to between 6 and 12 miles per hour by about 4 p.m. — and will drop even more closer to midnight, Stachelski said.
Sustained winds would need to blow at least 10 miles per hour for firework shows to be cancelled, Stachelski said. He expects winds will die down enough for those shows to proceed.
The winds will accompany record low daytime temperatures. The high is forecast at 38 degrees, a tie for the lowest New Year’s Eve high temp since 2010, Stachelski said.
Normally, the New Year’s Eve high temperature is 56 degrees and the nighttime low is 38. Wednesday night lows will dip below freezing to 30 degrees, the meteorologist said.