Replies to This Discussion

Permalink Reply by Francene Miller on January 26, 2009 at 8:10

No, but did see it in the Arkansas Gazatee from Little Rock about two weeks ago.

Permalink Reply by nisie, not a happy camper landowner on January 26, 2009 at 8:13

More info:
http://www.schaeffersresearch.com/commentary/content/options+update...

Permalink Reply by insomniacnla on January 26, 2009 at 11:11

I just spoke with KTAL again and was told that KTAL thought their report was true when their report aired this morning. But, AFTER the report aired, someone from KTAL contacted Chesapeake to verify their information. Chesapeake would not confirm the report and said that it was only a "rumor".

I thought that news stations checked their facts prior to running a story.

Permalink Reply by Josh on January 26, 2009 at 12:55

A responsible media? Now that's funny. What a notion...

Permalink Reply by Snake Stewart on January 26, 2009 at 13:24

Reporting 101 : Rule #1, Check your sources. Rule # 2, Check your sources again.

Pumping stock seems to be a hobby for these, "not so big boys".
Take it with a grain of salt until you see, the signed deal, some proof. Local news stations not actually counting as a genuine source at this level of play.

Permalink Reply by Charles Bowman on January 26, 2009 at 16:57

There is no way of knowing if Exxon is buying CHK until it is officially announced. But if you look at State street corporation, The Vanguard group, and FMR LLC they own huge positions in CHK and Exxon and could tender their shares to Exxon without public knowledge until after the fact. That would give Exxon about 20% ownership in CHK without buying one share on the open market.

Permalink Reply by sesport on February 1, 2009 at 5:41

Doesn't Exxon have their own investment affiliate, too?

Permalink Reply by sesport on February 1, 2009 at 16:20

No, I'm pretty sure they have their own affiliate. This is old, but they can still be found listed with the sec.

http://www.exxonmobil.com/Corporate/Newsroom/Publications/sharehold...

Permalink Reply by David Paul on January 27, 2009 at 3:31

Recently, speculation has grown about whether ExxonMobil will make an acquisition. Among the rumored targets are Britain's BG Group (BG.U.K.) for its natural-gas assets. There has even been talk of a bid for all or part of Royal Dutch Shell, a deal that would face regulatory hurdles.

Permalink Reply by David Paul on January 27, 2009 at 10:34

BP

In recent years, BP has blitzed consumers with clean-energy ads and expanded its natural-gas operations, especially in the U.S., where last fall it agreed to pay $3.7 billion for some of Chesapeake Energy's shale assets.

But oil still looms large in the company's fortunes, and its earnings are likely to be hurt in the near term by low crude prices in Russia, where a joint venture accounts for about a quarter of production. In addition, profits could be squeezed by the restructuring of BP's considerable refining operations, including its Texas City, Texas, operation, the third largest in the U.S.

Chief Financial Officer Byron Grote has said that BP's $3.36-a-year dividend isn't endangered, assuming oil stays in the 40s. Investors obviously are skeptical, however; the company's shares are off about 11% this month.

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