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Very much so.
Let 'em keep it up for a while yet. I still got some adding to do while we're down here.
The hole gets deeper.
Yep, that was one amazing show on 60 Minutes last night. Amazing how they can control the direction of the bit while doing a horizontal drill from 300-400 miles away from their command center.
And to think the Saudi's also want a big time piece of the solar energy market also. Wow!
Would not surprise me one bit.
OT: Nice article on CHK.
FROM STAFF REPORTS
Published: December 4, 2008
Chesapeake’s recent filings with the U.S. Securities and Exchange Commission would give the company the ability to sell additional shares of its common or preferred stock at some point in the future, the company said late Tuesday.
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The company said it has no plans at the present to issue shares, but is moving to obtain regulatory permission to do so depending on market conditions in 2009 and beyond.
Chesapeake said the November 26 filing is not a traditional filing that would raise cash proceeds in one stock offering. Once approved by the SEC, Chesapeake may issue some shares, or no shares, but the program would be in place to provide Chesapeake with maximum financial flexibility.
"This very challenging economic environment can create exceptional growth opportunities and we want to make sure our financial toolbox is fully and properly equipped to seize opportunities should they come along,” said Aubrey K. McClendon, Chairman and Chief Executive Officer. "Let me also say our 2009 budget reflects our stated goal to operate within our cash resources, which we fully intend to do.”
The headline on the story in The Oklahoman implied that Chesapeake might not be able to make future interest payments.
The company said it uses language about risk factors in every prospectus and Form 10-K Chesapeake and peer companies file with the SEC.
Public companies are required to disclose the range of possible risks that may adversely affect their businesses, no matter how remote.
"I can assure you that we will make our interest payments, which will total only about $500 million out of our expected cash resources in 2009 of over $7 billion, as well as our other obligations,” McClendon said.
Furthermore, The Oklahoman headline on Saturday’s story said that Chesapeake’s cash flow had fallen. Chesapeake reported $4.3 billion in cash from operations for the first nine months of the year, up from $3.4 billion for the same period in 2007.
"Our company is in excellent position to weather the current difficult economic situation in the U.S.,” McClendon said. "We have the necessary cash resources, great people and first class assets. Plus, we have a balance sheet that has been steadily improving. I can assure you that we will continue to create value for our shareholders, employees and other stakeholders for years to come.
"Natural gas is indeed the fuel of the 21st Century, and no one owns more of it in the U.S. than we do,” he said.
What a day for XDSL!
On my previous post I forgot to mention VE & LMT also. Sorry about that.
GLTY.
These are the ones I've been keeping on my radar as of late on the big board and I like them all:
ABB, ACH, BHI, BHP(you knew that one already,LOL!!!), COP, DVN, GE, MRO, SLB, TCK, and RIG.
The only one I am playing off the big board is HMGP.
These are only my humble opinion. GLTY,
oilslick
I truly hope you are correct.
GLTY.
BINGO!!!
GLTY, GMLF!
Just got done reading the board for today. Sounds like good news, IMO, for the ones that have been backing this company thru thick and thin.
It also sounds like maybe some have not got enough sub-penny flipping shares. (yawn) BAM, BAM. Got to LOVE that ignore feature here on Ihub. Makes several boards much more pleasant to read along with taking MUCH less time to read them.
Hang tough longs. Our day will come. Patience is the key.
GLTA no matter what your personal position is on Hemi.
I hope it pays off for all XLPI longs here.
GLTYA, you deserve it!
IMO, no. There are some tough times ahead, IMO again, for the markets. No offense to the longs here (honestly, I DO like this company, I am NOT a basher) but before XSNX starts going up for good I expect to, at some point, see single digits simply because of the fear factor in the markets. I hope I'm wrong but until proven otherwise........
GLTA
Trees are getting shook HARD with oil stocks. If OPEC comes out that they are cutting back with all of their new "friends" we could be getting chances of a lifetime.
The bottom of oil prices, IMO, has got to be at hand.
GLTA
I've been thinking the same thing. Even if the S/p goes down a little from here I don't see it being much further. One heck of a company that will shine big once again for it's shareholders in due time.
I try to help where I can. LOL!!!
Double Crap......
The doctors will have to do a LOT more than that to slow down a Marine!
IMO, you have one heck of a shot at getting them. GE at possibly $12. Unreal.
FWIW, I seen Bill O'Reilly on FOX News a few nights back and he thought there was a very real chance GE would hit $10!
GLTY and all GE shareholders.
Sounds good! Thank you for your time in contacting Steve and sharing with the board.
Quite is right. Way to go and ruin it, kels! LOL!!! J/K
Nice post and I hope your T-day was a great one also. I know mine has been filled with HIGH energy grankids. I think I've finally hit the stage of the game where I understand the old saying, "Have 'em while your young." LOL!!! Has it ever been fun though!
What a multi-talented guy! How long before you are done with the lab work on the core samples??!!?? LOL!!!
Thanks for the pics!
Yup, sure is. I actually made a little money here about three years ago. Always kind of kept a eye on it since then. Just can't find a reason for getting back in.
GLTA longterm shareholders here.
I believe that Bill Clinton would reply to that like this, "It all depends on the definition of the word, shocking."
LOL!!! J/K.
Pretty quit around here today. Everybody must be in their backyards. Turkey in one hand. Axe in the other!
Very nice! Great way to start off my Sunday morning.
Thanks, Kels!
I'll go along with that.
Yea, kind of like an old saying I've probably seen a thousand times since on various boards since I've been on IHUB,
"Charts don't lie."
That may be true, but....they do change. We will start seeing the charts we want to see here in due time. As always, patience is the key.
This post is not intended as a slam against anyone. Just expressing a thought.
Excellent point. The world will "gladly" wait. (eyes rolling to the back of my head in disbelief.......again.) LOL!!!
Nice article by Byron King just about a year ago today.
If he thought accumelating shares was a great idea when Baker Hughes was in the $80 range he should be drooling over the thought of loading the boat now at the current S/P level.
I have read many articles along that same line. Lots of other different angles involving other countries could do the trick also. For example, Al-Queda finally getting through to a Saudi refinery.
Crazy world we live in, to be polite about it. We can only hope our leaders can stay at least one step ahead of the game. As it has already been said, "We have to be right all of the time. They only have to be right once."
Another angle to look at is that it only takes one day for something crazy to happen in the middle east to throw everything into an uproar. We all know that part of the world is day to day to say the least.
It's all a roll of the dice no matter how you look at it. And it takes some guts just to pick up the dice let alone throw them right now.
GLTA
LMAO!!! Sorry about that. (sort of) :)
My how this thing has fallen from it's 52 week high. You see a bottom in sight here?
Ditto!
By the way jdsgungho, I made a whole bunch of Bunny Tracks today. About 27K of them. Just thought you would like to know that. (wink) LOL!!!
All the bashing in the world on this board will not stop the company from drilling and proving up the results on their leases. In the end their comments will mean the same as they do now...squat.
There is always one way to make the undesireables disappear today. Click on the ignore button. Works great for me and cuts down dramatically on my Viseine bill! LOL!!!
GLTA
Interesting case of hazy memory there texas4286. I was just sitting at my computer having the same thoughts run through my head also.
I second that on both counts, REAZO.
Nice find on the article there, Kels. Very interesting read.
The Thursday game for some reason could be interesting. Seems like the Bengals have been playing some good teams really close.
I'm a Steeler's fan so GO STEELER'S!!!
The one that really interest me this week is the Giants at Cardinals game. We will find out for sure this week what Arizona is truely made of, IMO.
Pretty good night games on both Sunday and Monday also.
When oil makes it's move up again this baby is going to kick some serious behind, IMO.
GLTA who dive in on this one.
Your right. You'll be real lucky if SF throws it much with that kind of lead.