All about supply & demand. Doesn't really matter if you're the best company with the best team and great assets. When the world is amass in Oil & the US in NG .... Well, you know .... Pretty tough to sell a comb to a bald man. Guess you can give it away???
Come on people. Socialism doesn't work ... plain & simple. Quite obvious: If you reward bad behavior (in lieu of punishing it), it just gets worst.
The same reason that peeps who walked away from mortgages aren't. I knew many 2 income, well-to-do couples who walked away just because their home equity was now "under water". It works both ways ... When you don't punish bad behavior, it just gets worst.
I was long here and rode the ride to $30. Got out around $21. Got back in around $15, but got out that time around $14. I slapped myself a couple times, then looked at the net-backs here on NG. Looked a little further at the global oil product, then ..... had to ask when will that change??? Seriously, when??? Yes, I like Carl in the picture, but I don't have an extra $100M to toss around the craps table. Really think that this poor boy will head lower. I do love the management, but the stinking commodities are killing this good company. Again, Just my opinion.
Tsk! Tsk! CHK below $10 per share ... another two months or so is my bet.
Market sell-off by 50% ... gotta say I think your weed is bad, or you better spread your cheeks and yank your head out. Of course, all is just my opinion!.