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richardleeds 62 posts  |  Last Activity: 3 hours ago Member since: Apr 1, 1999
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  • richardleeds richardleeds 3 hours ago Flag

    Look at the balance sheet and the cash flow statements for the last three years. Yahoo makes them available and they are also available at the company website.
    They are not taking on debt for anything other than adding ships. Look at the total company debt for the last three years and look at the fixed assets: ships.

    Suggest you take a tax and accounting course before you invest in anything.

  • Reply to

    Do T shareholders

    by hogryder2000 Jul 29, 2015 12:02 PM
    richardleeds richardleeds Jul 29, 2015 2:04 PM Flag

    They get DTVs 40 million customers in North and South America and the ability to market to them and expand the market. Also, when you have combined 45 million TV customers between the two companies you have tremendous purchasing power clout for tv content. Also, the pay tv market has only half the penetration in South America compared to North America so you have tremendous growth potential down there.

  • Why Putin is considered to have a net worth that is double that of Bill Gates?
    According to people that have researched the topic and written a book on it
    and confirmed by a former top Russian banker this is the case. Basically Putin
    and 20-30 oligarchs (thieves-gangsters) own 90% of the country and if you
    cross Putin or take him on you end up in prison or worse and/or have your
    company taken over.

    Many western companies have tried joint ventures and eventually give
    up. Ask yourself if you have any legal rights or recourse in Russia.

  • Reply to

    How can energy be this cheap?

    by a2020trading Jul 27, 2015 2:09 PM
    richardleeds richardleeds Jul 27, 2015 2:30 PM Flag

    Investors in oil and gas should ask themselves if their investment is profitable at
    $47 oil and $2.50 gas. Most companies are not. The problem is that Saudi
    Arabia and Russia and U.S. shale producers are flooding the market so they are
    selling their assets (production) at half price. As long as these idiots do not cut
    production and keep drilling at the current pace energy will be cheap.

  • Reply to

    value of CHK in the market

    by richardleeds Jul 21, 2015 12:53 PM
    richardleeds richardleeds Jul 21, 2015 2:05 PM Flag

    If they filed suit against their advisers, lawyers and accountants they would have released a news release on the lawsuit on something like this. Basically the Board of Directors is putting its head in the sand and collecting their fees and stock options. I told the board in my letter to them that it is basically negligence to ignore this issue and a lawsuit against their professional advisers.

  • richardleeds by richardleeds Jul 21, 2015 12:53 PM Flag

    Last year CHK sold 7% of production and acreage for $5 billion. The balance of the company is now worth a little more than that. What we should all wonder is why the CHK management did not buy shares at the current price and why they failed to give notice according to the bond indenture agreement which cost the company half a billion dollars in a court decision against them last week.
    The news release today said nothing about either of these matters. Why did the company not sue its accountants and lawyers that do the drafting and reviewing of these agreements and charge millions of dollars every year and they obviously failed to draft a letter to the management team warning them about the deadline in the bond offering materials.

  • Reply to

    CEO screwed all CHK longs

    by tomzli Jul 21, 2015 11:40 AM
    richardleeds richardleeds Jul 21, 2015 12:48 PM Flag

    I wrote a letter at the CHK website to the Board of Directors asking them why they did not pursue legal action against their accounting firm and lawyers that were involved with the bond offering that ended up costing CHK almost 1/2 a billion dollars because the company obviously did not know what the agreement said in terms of the notice requirements. I also asked why the board of directors why they authorized the purchase of $1 billion in shares and then the management team ignored them and never purchased a single share.
    Do I expect an answer or a phone call. No. But the contact information did ask for a phone number and it was provided.

  • I am expecting a bill that will lower length of sentences which will end the
    20-30 year prison terms for drugs and other crimes that do not involve
    weapons. This will end the prison crowding that has helped the private prisons.

    When that bill is introduced and the Speaker of the House said today he
    supports such a bill, these share could shed 10% on the fear factor. I
    would sell shares at this level and wait for the dust to clear.

  • At that time the board of directors authorized management to buy back $1 billion of CHK stock.
    It never happened. Any one wondering why management never thought the price of the shares
    justified buying CHK stock? If management does not buy back shares what are shareholders doing
    buying? I thought the shares were cheap at $15 and bought more, then at $13 I bought more and
    then at $10.50 I bought more. What does management know that they failed to buy any shares
    back during the last 6-9 months? Maybe Iran is going to enter the international oil market soon
    and drive down prices of oil further.

  • richardleeds richardleeds Jul 9, 2015 10:52 PM Flag

    I lived in Italy for a year, 45 years ago. While Italy and Greece are pretty similar, Greece is the worst I have encountered. I wrote a letter to the Greek embassy in Washington, D.C. telling them about the various receipts at stores and hotels and that I had proof of the actual payments and tax evasion by their citizens and did they want the information. No reply. They do not care.

  • richardleeds richardleeds Jul 6, 2015 7:57 PM Flag

    Pretty foolish statements. The problem is that none of the Greeks pay any taxes. When I was in the country last year I purchased an art work for 400 Euro and was given a receipt for 50 Euro. Everyone wanted cash during our two weeks there. Every restaurant and most hotels. Do you really think the Greeks have money to put people in prison and pay for their food and board and security. This company has no assets in Greece.

  • Reply to

    CHK 9 Million Acres

    by lwbd2014 Jul 1, 2015 9:02 AM
    richardleeds richardleeds Jul 2, 2015 2:20 AM Flag

    You are posting false statements that are contrary to the public disclosures and the corporate presentations about the acreage. The reason they drilled all these wells with low gas prices during the last three years was to meet the lease commitments and hold the leases.

  • Reply to

    Management Confidence in PGH ~

    by the_professional_trader Jun 29, 2015 11:55 AM
    richardleeds richardleeds Jul 1, 2015 5:57 PM Flag

    Smart investors do not buy shares in companies when there are better choices out there. That includes insiders that draw the big salaries for being in the know.

  • Why own shares in this?
    Margins on selling fuel are not generating profits.

  • Every investment I have seen 99% of them, when they yield this must they eventually
    cut the distribution. When that happens the equity price drops like a rock. Why is
    that not going to be the case here?

  • Who would have thought this could drop to this number and if IRAN enters the oil market again imagine what happens. If Greece falls out of the Euro stock markets will take a dive and CHK could fall further.

    Last year 7% of the company acreage and production was sold for $5 billion. Now the entire company is close to that valuation. Shell or Exxon or Chevron or BP is probably going to buy up 5% of the shares in the open market and then make a merger offer for the rest of the company and walk away with a 100% premium. These companies could make the purchase for stock and not take on any debt other than CHK's.

  • Reply to

    GEO at 11 PE Ratio Looks Like Steal

    by t4two45 Jun 19, 2015 4:11 PM
    richardleeds richardleeds Jun 24, 2015 1:17 PM Flag

    The stock market has had a 5 year run-up, it is ready for a correction and if the Euro block crumbles with Greece all stock markets will have the catalyst for a fall. This equity and all equities could fall 10%.

    Remember, this equity is up 100% over the last 5 years. I would expect a better opportunity for entry at 10% lower price. That could happen if FED raises interest rates in September.

  • richardleeds richardleeds Jun 24, 2015 1:13 PM Flag

    I think you bought to early. Greece is a mess, the young people are without jobs and the retired people are seeing their pensions cut and more could be on the way.

    I see European and U.S. markets dropping in price after a 5 year run-up.
    If Greece is cut out of the European currency everything falls 5-10%. I would
    think that this equity to fall to the low of the last year which in $6 range. That would be a good buy in price.

  • There has been a bull market in stocks for the last 5 years and most reits has participated in that bull market with most of them up 100%. This reit is the same price today as it was 5 years ago. Investors in this equity are being taken to the cleaners by the management.

    Pretty silly to invest in this.

  • Reply to

    Do the math

    by p2ialias Jun 23, 2015 2:47 PM
    richardleeds richardleeds Jun 24, 2015 2:00 AM Flag

    There are two million cars running on natural gas in Argentina and another 2 million in Iran. I spent a month in Argentina and asked about the price to convert from gas to natural. The price in Argentina is $500-$1,000. The U.S. has road blocks to prevent people from adopting natural gas for cars. The EPA is in charge. They are the road block even though everyone knows natural gas is less polluting than gasoline or diesel.