We have seen 12% days twice in the last couple of months. What makes you think it is different? Don't get me wrong. I am not a short. I know it has to hit a bottom sometime. But what makes you think we have seen it?
Mexico’s shift towards gas-fired power creates attractive ROI for pipeline developers
Jun 10, 2015
A new cross-border pipeline being jointly developed by US’ ONEOK and Mexico’s Fermaca will pave the way for “additional upstream-related capital projects at attractive returns,” a spokeswoman for ONEOK said.
Image credit: asterix0597
Carlos Slim’s Grupo Carso to bid in all four Mexican CFE pipeline tenders in 2015
ONEOK and Fermaca’s “Roadrunner” pipeline will extend from the ONEOK WesTex Transmission natural gas pipeline system at Coyanosa, Texas to a new international border-crossing connection at the US and Mexico border near San Elizario, Texas, where it will connect with Fermaca’s Tarahumara Gas Pipeline.
As Mexico spurs development in its oil and gas sector by welcoming private investment, a handful of companies are developing major gas pipelines to transport gas flowing from the US’ shale boom to feed growing Mexican gas-fired power plant capacity.
Natural gas exports to Mexico, which account for nearly 50% of US natural gas exports, rose 12% in 2014, the US Energy Information Administration (EIA) said in a report last month.
US pipeline gas exports to Mexico doubled between 2009 and 2013, and SENER, Mexico's national energy ministry, projects that US pipeline exports to Mexico will double again in the five year period 2013-2018, to 3.8 billion cubic feet per day.
A number of new pipelines are under development aimed at supplying the Mexican market, including projects led by TransCanada, Canada’s ATCO Gas and Pipelines Ltd, US' Sempra Energy’s IEnova, Mexico’s Fermaca, as well as a consortium led by the conglomerate Grupo Carso, controlled by Mexican billionaire Carlos Slim.
seeking alpha article:
When I was taking wild risks about 10 years ago It happened to me. My other half was working at the time and surprised me giving me support. Just tell her the situation and tell her you would do anything to make it up. And do whatever it takes. She will understand you had good intentions. But never repeat your mistakes. Good luck buddy!!
Why do you gloat? We know everything you know. It is short term vs. long term. Icahn himself was saying he can't pick the bottom. No one can. All great investors readily admit that.
I got in around 15 but now my cost is 9. I use options to bring down the cost but like I said in earlier posts, you have to know when the down trend stops. It is possible this could reach 5 but when it goes up, in a couple of months it will more than double.In the long run it will reach 30 again.
Stop taunting longs. I feel you probably are not even short and even if you are you probably have a small position.
In any case, good luck to longs(long term) and shorts(short term).
2Q Volume Growth Not Enough to Overcome Price Weakness, CHK Shares Sell Off Hard; Reiterate $25 FVEFont size: A | A | A
8:10 AM ET 8/6/15 | Morningstar
10:22 AM ET 8/6/15
Symbol Last % Chg
Real time quote.
After incorporating Chesapeake Energy's second-quarter results into our financial model--which included production volumes and cost reduction efforts that continue to track ahead of our expectations, offset by exceptionally weak price realizations--we are reaffirming our $25 fair value estimate and narrow moat rating for the company.
Production for the quarter came in at 703 mboe/d, up 2% sequentially and 13% year over year, with full-year guidance increased to 671 mboe/d, versus previous guidance of of 644 mboe/d (compared with our earlier projection of 631 mboe/d). Importantly, the company's full-year capital budget remains unchanged. Quarterly volume growth was led by the Haynesville and Utica, bolstered by relatively low production declines across the rest of the company's portfolio and in spite of ongoing natural gas curtailments.
Offsetting the positive news regarding production volumes were the company's poor realized prices during the quarter, with hedged natural gas and NGL prices coming in at just $1.01 per Mcf and $1.90 per barrel, respectively, thanks to a combination of midstream obligations in the Barnett and Haynesville and continued oversupply conditions in the Marcellus and Utica that continue to crush gas and NGL prices in those regions. Realized prices should improve by the end of the year, however, with the startup of the TETCO OPEN pipeline, which will allow 85% of the company's Utica volumes to receive Henry Hub pricing, and an uptick in seasonal demand.
what happened to your going long and the call for this to go to teens- what, last week?. You don't have a clue where it is headed, do you. Maybe you don't even have any money invested. You are just trying to get on people's nerves. Carry on- have fun.
Nat gas export is definitely in the not too distant future. China and India still use a lot of coal which will all go to nat gas eventually. In northeast there are still oil heating in the winter. That will also go to nat gas. ......
It will be at least October before it passes through congress. I don't think it is going to take that long for oil to rebound short term. Dollar strength is what is keeping it so low. Sept rate hike not happening and Europe getting their act together may bring down the dollar some which will make the commodities go up.
so holding is the best policy. Way too late to sell. Maybe early to buy. If you had a reason to buy(too much upside too little downside) is still there. Don't panic. Be patient. Wherever the bottom is it can more than double in 2 months! It has happened in the past. It will happen again!
I hate it when stock people act like they are great businessman. I have been a businessman. What CHK is doing is what any sensible businessman would do. When the product value goes down you stop production at lower margins locations and increase production at locations that provide better margins. Also concentrating on fewer locations cut costs quite a bit. Of course pumping more might bring down costs but if you can make a penny that is better than zero. If not you someone else will fill in the need.
in tody's inventory data they said imports have gone down and domestic production has increased. This trend should follow. In Bush's era, drill baby drill theme was exactly for this. Stop doing business with middle east- if the speculators stop trading this back and forth we all can live happily.
SHARES OF CHESAPEAKE ENERGYFont size: A | A | A
5:39 PM ET 8/5/15 | S&P Capital IQ
4:01 PM ET 8/5/15
Symbol Last % Chg
Real time quote.
We cut our 12-month target by $2, to $10, using a 3X multiple of price to projected '16 cash flow, below CHK's historical average. We see a $0.30 loss per share in '15 (widened by $0.04) and $0.27 in '16 (narrowed by $0.13). A Q2 loss per share of $0.11 before $6.16 in one-time charges, vs. EPS of $0.36 before $0.14 of one-time charges, matched the Capital IQ consensus. We think CHK will look to non-core asset sales to manage a high debt load and what we see as a free cash flow deficit in '16, but we see improving production; Q2 production beat the Capital IQ consensus by 7%.