Chesapeake Energy Corp (CHK)

[ogbull]

SWN call for 25% production drop!

http://www.fool.com/investing/general/2016/05/14/even-this-natural-gas-producer-is-expecting-a-majo.aspx

The impact of this spending reduction on production is going to be significant. According to Southwestern's Q4 2015 earnings call back in February, Southwestern expects its production will be down 25% year on year by the end of December.

Forget about the DUCs. No one wants to invest money in fracking or drilling new wells as proven by the lowest rig count since the 1960s. Besides, no one has got any money anyway. And the banks ain't lending because they are taking the worse beating they have ever experienced in the history of the oil and gas industry.

And don't worry about the damned Saudis. When Trump is elected, he will slap an import duty of all OPEC oil and we can kiss this butt holes goodbye forever!

Can you picture the shorts losing their pants and sliding down Mount Chesapeake on the bare asses? ha ha ha ha ha I love it!

Sorry to post so much but I'm in a good mood finding lots of positives. I like posting because my memory is not what it used to be. I can go back next month and read my old stuff and see where I was right and where I wrong. Helps fine tune my stock picking.