Last week when DVN came out with a stock offering the general group of one of the CNBC shows agreed it would lead to industry-wide offerings as money is tight and not much to go around (in other words get while the getting is good for the first to market... a flood of offerings they thought would follow). So if CHK is planning on it... but they may make another deal with Chinese as they did, what, 6 years ago for Eagleford investment? Which could be why they drilled the most early (1 mile + long laterals) while others were busy doing nothing in lower producing Eagleford. Their is an art to fracking and drilling (depth selection, angles) those for better production as I saw results few years back of CHK's production since they were the only around in upper LaSalle county but since heard better and worse but they all make pretty fair production (like 600/bbls/day back then) which surely paid off the costs way before oil started dropping because the standard lease in Texas is 3 yeears long to get a drill done so the long laterals also tied up leases so they don't have to resign (unless custom clauses....) So if they want to play some game and say they didn't payoff that Chinese investment, I doubt that was it they could have used the cash to drill more or elsewhere instead of paying it off, and they should make an offering before investment money drys up if they are rethinking it (according to CNBC, one show time don't remember which, kind of not caring much about which since I wasn't expecting to mention it).
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