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Permalink Reply by Frank on November 29, 2012 at 14:15

That and another greenhouse winter shaping up.  Canada needs to help us out with an ice blast, or three.

 

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Permalink Reply by P.G. on November 30, 2012 at 3:28

Aren't the days gone when winter weather has much effect on prices other than just temporary speculator driven spikes...especially with all the new technology they are using these days?...

I mean how many capped wells would be required open up to make up for any weather related load on supply nowadays...?

We need new uses and markets...

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Permalink Reply by Henry on December 1, 2012 at 1:50

I may be mistaken, but I seem to recall that CHK is no longer hedged.  Are they at the mercy of these low prices?  How painful is this for them?

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Permalink Reply by Krkyoldhag on December 1, 2012 at 11:56

On CHK must not be too painful...3 wells in Denton area usually pay $2500 this month check was $25 but they sent another huge glossy mag thru the mail telling how well they doing.  Well they may be but the royalty holders are not doing so well in Denton right now.

Just have to ride this slump out and see where it all washes up.

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Permalink Reply by olddog573 on December 2, 2012 at 3:03

What really lets you know they are crooks is when they do the following to you:

1.  Pay you a 1.00/CF less than another company pays on same well

2. Pay you 0.50/CF less than themselves on same well different lease, and what really stinks on this one is the one you get paid less on is the one where the contract says no deductions

3. No consistency when it comes to paying/CF across 4 wells adjoining sections.

In referance to the glossy mag Krkyoldhag, they are really good at patting themselves on the back and painting a nice image of theirselves but as far as I'm concerned they ........ I won't say anymore for fear of embarrising myself.

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