Started this discussion. Last reply by John L Aug 29, 2014.
Started this discussion. Last reply by huston Nov 11, 2014.
Latest financial and operation report released today by CHK reports ZERO NG hedges for 2012 and 2013. Typical AM "bet the farm" speculation. CHK is a giant land speculation /commodity speculation hedge fund with so much leverage it will now mortgage (VPP) or sell assets at <$3/mmbtu NG to cover a negative cash flow of $8 to $12B this year.
Over mid-term, AM is probably right, but near term cash market will be a disaster this fall if storage is full. This will only affect the cash…Continue
Posted on February 21, 2012 at 7:41pm