Replies to This Discussion

Permalink Reply by Bobi Carr ("parker") on July 22, 2012 at 16:16

Maybe the poor guy has some Chesapeake stock and wants to see it bump up a bit

.......but I sure hope to see $4.00 by the end of the year.

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Permalink Reply by adubu on July 23, 2012 at 6:03

Bobi--- if this very Hot summer is followed by a very Cold Dec. $4.00++ is highly likely by year end because doubt there will be rigs going back up but a continued decline into year end IMO for what my opinion is worth.

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Permalink Reply by DrWAVeSport Cd1 on July 26, 2012 at 9:23

IMHO, Forbes' Mr. Finger is reading too many Aubrey McClendon $8/mcf investor presentations... Not gonna happen...

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Permalink Reply by Hopeful About Natural Gas on July 26, 2012 at 17:28

Does anyone recall the gas prices CHK has sold Asian countries?  Seems like he said something like he'd rather do business with people who thought natgas was worth $10 rather than people who thought it was worth $2?

If memory serves, I've read some fairly big prices for shale around the US. There has been more than one post where GHS members have laughed pretty hard at the high prices paid by overseas investors (trying to lock in prices)

I would be so mad if someone sold me expensive natural gas without a way of delivering it. I just don't see us building export facilities nearly quickly enough and this could have huge repercussions for companies and nations we are friendly with.  Am I wrong?

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Permalink Reply by Les Bamburg on July 26, 2012 at 17:47

HANG, there have been no announced agreements for long term natural gas sales by Chesapeake.

 

In the past Chesapeake has executed various deals whereby the company purchases an ownership share of the resources which is a different type of transaction.  In these cases the puchaser participates in the development and can market the natural gas in the US like any other producer. 

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Permalink Reply by Steve on July 27, 2012 at 2:13

Interesting article about where natural gas prices may be heading. Read comments also:

http://seekingalpha.com/article/753651-natural-gas-storage-glut-cou...

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Permalink Reply by Parkdota on July 27, 2012 at 6:42

Steve, thanks for that article. Sounds like it might be a last minute finish come October to see where prices might go.

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Permalink Reply by True Texan on July 27, 2012 at 4:30

So this is maybe why I got a flood of letters this week from the companies wanting to buy my mineral and royalty interests.

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Permalink Reply by adubu on July 27, 2012 at 5:31

True Texan---- the Snakes are always out to steal when prices are on their lows--- also most country clerks recently updated their property Tax rolls and copies are for sell on CDs for 2011 Tax list-- these people purchase the Tax rolls to use as guide of decimal interest owned by individuals to sent out letters to buy minerals that are producing

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Permalink Reply by DrWAVeSport Cd1 on July 27, 2012 at 6:34

O&G Write-downs and Write-offs mean they aren't  "bullish" on nat gas prices going to $8...

http://www.businessweek.com/news/2012-07-26/shale-writedowns-begin-...

Sorry GHShalers.  Nat gas prices have to remain low if U.S. is ever going to get through the Energy "change." 

I know we are not getting the mineral moneys we would all like to see, but GHShalers are providing U.S. with the fuel of the future. 

Maybe we just can't have our cake and eat it too...  (I hate cliches...) LOL

Here's hoping we see $4 by year end.

Have a Great GHS TGIF.

DrWAVeSport Cd1 7/27/2012

 

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Permalink Reply by Keith on July 28, 2012 at 5:52

I agree with most of your points DrWAVeSportCd1.  I'm a long term bull on nat gas with the caveat, depending on the economy.

If I were an economist I would make a bold prediction and then say "on the other hand". 

 

I also agree that natural gas has to remain much cheaper than all the other fuel sources (except coal) per BTU for it to gain the traction it needs to compete and replace oil. Another Caveat, Depending on the next presidential election coal could get hammered into submission or it could be back in the hunt, we'll just have to see.

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Permalink Reply by Krkyoldhag on July 28, 2012 at 6:30

Read  "Treasure of Khan" by Clive Cussler  published way back in 2004.  He nailed it on what happens when the Strait  and the oil thru there is curtailed ..his plot is that the destruction of the fueling stations for the oil tankers and storage tanks and refineries are due to greed..rather then Iran or terrorists..still lays it out pretty much accurately.

Funny...in the book the analysts for Goldman Sachs predicts $125 a bbl oil and $8 gasoline.  Of course in 2012 we know GS is no more..but who knew that would be the case back in 2004.  Some things are too strange for even fiction writers to grasp.

This guy's books never made it as big as Tom Clancey's..but they might be better predictions on what might happen.

I think the main reason movies of his books never made money is that within each book are really several plots..which each could be separate novels.

Now what that has to do with topic...what oil and ng will do so far as productions and price depends mostly on what happens in rest of the world. 

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