And pigs get taken to the slaughterhouse.
They maxed the price and the size of the offering-should have been price at 30 and less shares offered. May await earnings and buy at $25-if I can't there are better places for the money.
I am pretty unhappy with it-it seems no matter what the market does, it goes down-I believe as long as you own it at month end you get the dividend but there is a minimum hold requirement of either 30 or 90 days that if you sell it before you pay a 1% penalty-I have only held it for 45 days and am considering payng the penalty.
actually it doesnt and we are due for a pull back-I'm not smart enough to predict shortterm stock movements, but I am smart enough to know I am enjoying this!
Think the prices you are quoting are wrong-there just cant exist that big of an arbitrage in the stock and underlying options
Stop blaming the fluctuation on manipulators. Until the price of NG rises again so they can execute additional hedged sales into the future the stock will continue to be rangebound.
I think that when NG gets down below 5.60 it will be oversold-there is nothing on the horizon to cause it to move up...summer is over and no hurricanes on the map-but buying here can't be all bad-just not the bottom.
Satellite images late Thursday evening showed new thunderstorms firing up over the western periphery of Tropical Depression 5's circulation. Satellite images also showed some shear over the system. If the thunderstorms continue to wrap around the center, we could have Ernesto Friday morning. However, estimated pressure and wind from satellite data still suggests this feature has a little ways to go before becoming a tropical storm. In review, we believe that since thunderstorms continue to evolve around the weakly formed center, there is a pretty good chance this will become Tropical Storm Ernesto within the next 12-24 hours. However, a strong upper-level low centered over eastern Cuba is causing southwest winds stronger than normal over the central Caribbean from roughly 70 west on west. So, the faster this system moves west the quicker it will run into shear and that will seal its fate. Recent satellite images verify that the system has slowed down some. Slower forward movement also favors intensification. Another concern is with dry air. If the system does not gain latitude quick enough, it might pull in less-than-ideal air off of Venezuela, which could hamper the storm's moist inner core. All these factors should start to become more apparent during Friday. The track forecast will be highly dependent on how well organized this system is and its forward movement.
An event that will send the price of NG into double digits and allow CHK to sell a bunch more future production at great prices imho will break us out of the range.
If it makes you feel better Debbie and Ernesto are on their way. Debbie may only be a small threat, but at this time Ernesto may have a bigger impact.
Here's a link that will let you follow tropical depressions as they evvolve into tropical storms and hurricanes.
Ru mad? even a broken watch is right twice a day-oil to $40 a barrel-I hope you're right but think your elevator doesnt go all the way to the top-ng may dip to $5-but I dont think it will stay there for long.
The reality is that they have not sold infinite contracts of NG-so when they price goes up again and they sell another few years worth the stock will prosper, buntil then the stock will trade witht he price of NG-don;t forget uch of their assets consist of unsold ng in the ground-if ng is at 12 those reserves ar worth a lot more.