Replies to This Discussion

Permalink Reply by Grillin' - MmmMmm on October 10, 2008 at 7:36

Tudor Pickering Holt did a great analysis of the issues regarding CHK's finances and balance sheet in today's email blog. Go to their website and sign up (its free...last thing free!). See if they can send you today's. I don't want to cut and past it as its protected/copywrited and I've developed scruples in my old days!!!

• ▶ Reply

Permalink Reply by Bill G on October 10, 2008 at 5:01

I look for most of these quick pop up oil co to get bought out or just go belly up after this market gets its legs back under it! You will see the XOM, BP, etc. Come in and buy up these smaller outfits for pennies on the dollar!

• ▶ Reply

Permalink Reply by Tom Bennett on October 10, 2008 at 5:10

I for one hope there is a turn around in the energy stocks soon and really hope CHK is OK now and in the future. After all they promoted the Haynesville Shale, and were responsible for lots of wealth in the La and Tx areas they operate in. We shouldn't forget that.

• ▶ Reply

Permalink Reply by Bill G on October 10, 2008 at 5:20

I have no clue who will buy this company out! Not to be political but if we elect obama in office, I can see the government purchasing these lease for national security purposes, that is what they would call it anyway.....which it is realy are route to socialism.

Chew on this....

Chesapeake Energy (NYSE: CHK) Chairman and CEO, Aubrey McClendon, purchased 750,000 shares on 7/15 at a price of $57.35, bringing his stake to 33,469,359 shares.

To put that in perspective

33,469,359 X 74(its all time high) = 2,376,732,566 This was his personal stake at the high
33,469,359 X 12(Today value) = 401,632,308 This is his current market stake

Im not sure what his average or blended stock purchase price was....but what I can tell you is
he has taken a 1,975,100,258 Personal loss in the last 3 months....that is enough to make any one puke in there mouth...

Personal openion...I wouldnt buy this stock....Just an opinion....before this credit crunch i wouldve said
buy buy buy but now....its a bulls market....stay away from this type of stock!

• ▶ Reply

Permalink Reply by Tom Bennett on October 10, 2008 at 5:24

I agree now is not the time to buy it, but that time is coming...when I'm not sure but as I said I do not wish CHK any bad luck, they have been too good for the economies they are the most active in.

• ▶ Reply

Permalink Reply by Grice on October 10, 2008 at 7:22

Not to enable your chicken little theory, but what would you suggest of the following report?

Despite that trend, some energy executives have bought shares in their companies in the past month. On Wednesday, Range Resources Chairman John Pinkerton, using stock options previously awarded to him, acquired 78,088 shares at prices ranging from $1.29 and $6.99 a share. That gave him more than 1.3 million shares, worth about $38.6 million at Thursday’s closing price of $29.10, Pinkerton said.

"I have great faith in our company, and think it’s an excellent investment opportunity," he said Thursday.

But among the buyers, Chesapeake Chairman Aubrey McClendon stands out, acquiring 5,019 shares as recently as Sept. 30. That was the last of roughly $200 million worth of Chesapeake stock that McClendon bought in open-market transactions in 2008 alone.

According to his latest SEC disclosure, McClendon owns nearly 33.5 million shares of the Oklahoma City-based company he co-founded, worth $592 million at Thursday’s close of $17.71. Those shares would have been worth nearly $2.5 billion at the company’s peak of $74 on July 2.

• ▶ Reply

Permalink Reply by Bill G on October 10, 2008 at 9:10

I already did this math for you before you cut and pasted it off the internet!

• ▶ Reply

Permalink Reply by Bill G on October 10, 2008 at 9:14

"I have great faith in our company, and think it’s an excellent investment opportunity," he said Thursday.

He has got 33.5 M shares of stock...what do you think he is going to say! " Were Leveraged to the hilt...in times like these when cash is almost impossible to accquire we are almost destine to failure, We took a huge gamble in what we thought was a stable market with stable trends but to our suprise we have been shocked by one of the largest credit crises in the history of this country. Bail out....sell sell sell.....were going under" LOL No he isnt going to say this....he is going to try and maintain confidence of his shareholders...cause when you have more cash going out then coming in all you have is speculation and investor confidence to drive your stock. SORRY I JUST DONT HAVE ANY CONFIDENCE IN A TIME LIKE THIS IN THESE GUYS! Just an opinion!

• ▶ Reply

Permalink Reply by Joel on October 14, 2008 at 16:30

some of this was bought on margin! According to a CHK press release the other day, the broker made him sell out at the bottom a couple of days ago. I suspect that broker may be looking for a new client.

• ▶ Reply

Permalink Reply by Cleveland Steamer on October 14, 2008 at 16:34

There was no choice. Once an account falls below the margin requirements, enough stock has to be sold immediately to cover the margin debt.

It was the height of stupidity for these billionaires (McClendon, Redstone) to have been buying stock in their own companies, on margin.

• ▶ Reply

Permalink Reply by Joel on October 14, 2008 at 16:37

no argument there. :)

• ▶ Reply

Permalink Reply by Bobi Carr ("parker") on October 14, 2008 at 16:46

If it would have come up quicker, he would have been the smartest guy ever.

Just like us, he was making what he thought was the best decision at the time.

He bet the farm on something he believes in. I hate it for him that he lost on his bet. I just hope that it doesn't hurt the company in the long run.

I hope they do well in the long run for our community.

• ▶ Reply

• ‹ Previous
• 1
• 2
• 3
• 4
• 5
• Next ›
• Page