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Re: jerrynmn1 post# 3126

Saturday, 05/14/2016 2:16:38 AM

Saturday, May 14, 2016 2:16:38 AM

Post# of 18930
From what I hear, CHK has already hedged 2017. By the way, if they price goes above the hedge, they get the extra money but still need to pay the fees.

The hedging was necessary to secure the $4 billion line of credit. The credit in made available without audit until June 15, 2017 so we have plenty of time to ramp up production and pay down debt.

The new CEO (Lawler) is a genius at increasing production and field operations. That's what he did at Anadarko. He knows his stuff. He is already increasing horizontal reach out to 10,000 feet from 7,500 feet. His call to fame in gas field management and he has brought in many of his own people. Chesapeake has the best productions crews in the world.

They just expanded far to fast in 2011 and 2012. The founder of CHK was a big time gambler and half con man. He took some huge risks and then along came the warmest winter in history. If the El Nino had not have hit them, CHK would be flying high. The board fired the guy in 2013 and hired Lawler.

Obviously,all the major stock holders are convinced that leaving their investments in CHK is their most profitable decision. Otherwise, you would see share volume double or triple normal. Instead share volume has never exceeded average since this sell off (manipulation) began.

Last Friday the volume was 28 million compared to an average of 48 million!
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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