You are correct about buying the panic. There is really no reason for oil or gas to go down except for all of the derivatives in the international market place.
Dan, polling is a rather tricky business, not very scientific. The reason I say this is because of my business background in marketing. When doing surveys for clients we often used several different sets of questions to lead consumers to the conclusion most desired by the client and that would become the published document. I still consider myself an amateur when it comes to political surveys but I have correctly called almost every political contest I have followed for the past twenty years. You might say these surveys fall into the category of B.S.
You are a stupid person. Why do I say that? Because your debt figure is not current, the companies cash position is good, debt payments are all current or paid in advance and the list goes on and on and on, fool.
Well guys, if you remember when Obama went to Saudi Arabia the Oil Minister there changed in less than forty-eight hours and oil has been rising ever since. Saudi Arabia no longer has the power to dictate oil prices. We have more of it than they do!
Cramer talks to day traders. If you are not a day trader then do exactly opposite of what the rodent says and you will make money.
Mid-April there were approximately 282 million shares short. Today the number of shares short is approximately 170 million and Io not believe that number will increase. The shorts are all hoping it will grow but the indications are such that it will not.
I assume that conversation might have been about gun controls. What if the NRA was actually called the National Association of Weapons and Ammunition Manufacturers Association?
Your referring to $15B in debt is all wrong. They are now cash flow positive and have enough of a credit line to carry them all the way into 2018.
Well your predictions during the downturn in both oil and gas perhaps came true. However CHK is now making money, really improved it's balance sheet and has the vote of confidence of it's bankers. BK very, very unlikely!
The fact that they were able to convince lenders that the $4B revolving line of credit was justified indicates to me that they put together a damned good dog and pony show for the banks. The banks have not allowed any other of CHK's equals or juniors to do so.
It certainly would be nice to see NG at$3.50 but with the new technologies employed at CHK they are profitable right now on gas and oil. CHK is going to be lean and mean going forward. JMO