Replies to This Discussion

Permalink Reply by Father of the Year on October 11, 2008 at 6:04

Why would a billionaire ever use margin to buy even more stock in his own company? I thought Aubrey had a reputation as a sharp guy, but this is lunacy.

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Permalink Reply by Jerry Bruce on October 12, 2008 at 5:46

whaere do you think all of that money came from to pay people 25k,30k an mineral acre

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Permalink Reply by Checkmateking on October 11, 2008 at 8:52

I know, I couldnt believe this when i read it. What was he thinking, I mean how much does anyone really need, I am sure he made plenty of money.

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Permalink Reply by crtbrll b2 on October 11, 2008 at 9:51

cheasapeake is in trouble.....too much debt, and falling natural gas prices...read the writing on the wall people.....

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Permalink Reply by Deep Driller on October 11, 2008 at 10:00

Maybe he was banking on a busy hurricane season taking out the NG infrastructure in the Gulf.

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Permalink Reply by wpt9452 on October 11, 2008 at 10:19

Everything was in place to make the Haynesville Shale the biggest thing to hit North Louisiana in a long time. Now, everything is in place to grind it to a halt. It amazes me how something this big could end so fast. I am sure many people on Wallstreet are feeling the same about their lives as well as rich and middle-class investors. I worked with someone that was telling me it was 1928 all over again but I didn't believe him. I do now.

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Permalink Reply by Frank on October 11, 2008 at 14:29

Do you know anyone with a good pair of mules for sale?

I may be interested if they know how to back up to the hitch.

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Permalink Reply by Deep Driller on October 12, 2008 at 10:20

Many are looking at it the wrong way. If the fall in NG prices mean a person may make $60,000 in royalties from their one acre instead of $200,000, they shouldn't think they lost $140,000. Instead they should consider themselves as making $60,000 more from their acre than they thought they would make one year ago.

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Permalink Reply by Bill G on October 14, 2008 at 3:01

CHK is run back up to 23+ a share! Is it being pumped or is it trading back on its market value?

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Permalink Reply by Tom Bennett on October 14, 2008 at 3:37

Bill in my opinion only. They were oversold. Lots of margin call sold shares hit and flooded the market, and with all the other bad news the bottom fell out. Again those are only my thoughts.

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Permalink Reply by Bill G on October 14, 2008 at 3:41

Tom, I Hope you are right for the long term sake of the company. I have enjoyed some short term gains but def lost some on the down fall! Sell high buy low!

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