Message Font: Serif | Sans-Serif
 
No. of Recommendations: 2
http://www.bizjournals.com/houston/morning_call/2013/01/ches...

Another story disclosed that he will pay for jet charges in excess of $250,000/year.

sw
Print the post Back To Top
No. of Recommendations: 0
Aaaawwwwwwhhhhhhh. Those are the ones you know about. Their still trying to unwind all his holdings????????

Bob
RYR Home Fool
Print the post Back To Top
No. of Recommendations: 0
I own it, and it is down 50%. Do you think I should sell or hold?
Print the post Back To Top
No. of Recommendations: 4
I own it, and it is down 50%. Do you think I should sell or hold?

I increased my position yesterday, a little, using puts.
Not sure whether that's a sell signal or not. Probably so, as I never seem to make money in hydrocarbons.

The current news is actually kinda positive in that it seems the board, newly stuffed
with relatively rational people, is perhaps getting control of a few loose ends.

I actually believe that the company will complete its divestment program
without any major problems, meaning the liquidity questions will fade.
If they also manage to meet their promises to stop acquiring properties
and run the remaining assets for cash, they'll be cash flow positive and on a steady keel.
If the NG prices rise a bit they'll do very well.

Jim
Print the post Back To Top
No. of Recommendations: 1
Thanks. I think the main thing is just the price of nat. gas.

When it goes up, the price will go up also.

I own about 4 other natural gas stocks, and they are all down.

I think the price will go up.

Mark
Print the post Back To Top
No. of Recommendations: 2
Thanks. I think the main thing is just the price of nat. gas.
When it goes up, the price will go up also.


Here's a cool link to keep on hand.
The ratio of the price of CHK to the spot price of natural gas.
http://stockcharts.com/h-sc/ui?s=CHK:$NATGAS&p=D&yr=...

Possible bottom mid November?
i.e., CHK has been doing worse than the NG price for a long time, but better than the NG price lately.
Let's hope it's a new trend.

Jim
Print the post Back To Top
No. of Recommendations: 0
I increased my position yesterday, a little, using puts.
Not sure whether that's a sell signal or not. Probably so, as I never seem to make money in hydrocarbons....if the NG prices rise a bit they'll do very well.


Those hydrocarbons can be complex as I can attest. But I wrote some puts the other day on a company I've liked since the 1980s long before it found a home with some proper management. GLNG, (which I own and would be happy to own more given their growing ability to deliver good quantities of NG to places where they actually pay good prices for it.

jz
Print the post Back To Top
No. of Recommendations: 0
Thanks Jim.

That's good to have on hand. I bought a bunch of these nat. gas stocks, and have lost money on all of them.
Print the post Back To Top
Advertisement