Rumor is CHK sold some assets.
Looking for a huge bounce up if the rumor is true.
My Outlook / Position
CHK has had more than 4 qtrs of solid earnings and revenue.
I get the debt level but compare CHK to other stocks in the oil/gas industry, its dirt cheap!
Even with the debt, CHK should be trading upwards of $15 a share.
Long
Looking for a huge bounce up if the rumor is true.
My Outlook / Position
CHK has had more than 4 qtrs of solid earnings and revenue.
I get the debt level but compare CHK to other stocks in the oil/gas industry, its dirt cheap!
Even with the debt, CHK should be trading upwards of $15 a share.
Long
Comment:
This is ongoing and could be news forthcoming...
Tellurian Inc. is in talks to buy Chesapeake Energy Corp.’s Louisiana drilling fields as it seeks to become a producer as well as exporter of natural gas, according to people familiar with the matter.
Tellurian Inc. is in talks to buy Chesapeake Energy Corp.’s Louisiana drilling fields as it seeks to become a producer as well as exporter of natural gas, according to people familiar with the matter.
Comment:
Report: Oil and Gas M&A to SURGE in late 2018
Houston Chronicle 3:04 PM ET
July 10--Oil and Gas mergers and acquisitions are expected to SURGE with upwards of $50 BILLION in new U.S. Deals for the rest of the year following a Spring Lull, according to a new report out.
After reading this article, I would not want to be on the side lines waiting for CHK to announce a deal. If and when a deal is announced, you will not have time to jump in. The stock is dirt cheap especially with CHK holding 11.3 BILLION Barrels of Recoverable Resources.
The article talks about the big buyers , i.e. BP, Chevron (CVX) and Royal Dutch Shell (RDS/A) as well as Private Equity Players buying up Oil / Gas / Shale assets starting "quickly" in the Second Half of 2018.
Within the article, they call it... "The Calm before the Storm"
CHK owns HUGE Shale Assets - Haynesville/Bossier Shales in Northwestern Louisiana and East Texas, the Marcellus Shale in the Northern Appalachian Basin in Pennsylvania.
Looking at how low CHK stock price is, a big player will gobble up CHK in a split second.
Adding to my position moving forward.
Houston Chronicle 3:04 PM ET
July 10--Oil and Gas mergers and acquisitions are expected to SURGE with upwards of $50 BILLION in new U.S. Deals for the rest of the year following a Spring Lull, according to a new report out.
After reading this article, I would not want to be on the side lines waiting for CHK to announce a deal. If and when a deal is announced, you will not have time to jump in. The stock is dirt cheap especially with CHK holding 11.3 BILLION Barrels of Recoverable Resources.
The article talks about the big buyers , i.e. BP, Chevron (CVX) and Royal Dutch Shell (RDS/A) as well as Private Equity Players buying up Oil / Gas / Shale assets starting "quickly" in the Second Half of 2018.
Within the article, they call it... "The Calm before the Storm"
CHK owns HUGE Shale Assets - Haynesville/Bossier Shales in Northwestern Louisiana and East Texas, the Marcellus Shale in the Northern Appalachian Basin in Pennsylvania.
Looking at how low CHK stock price is, a big player will gobble up CHK in a split second.
Adding to my position moving forward.
Comment:
ADDING
Investors are looking at the wrong data.
The real data is this...
Reports have it that the Saudis are preparing to pump their highest-ever crude oil volumes in July, at 10.8 million bpd—above the current all-time high of 10.72 million bpd from November 2016, just before the OPEC+ deal entered into force.
The World has record oil consumption with no sign of letting up.
As long as the World continues to consume record BPD of oil, oil stocks have no where to go but up with record earnings and revenue.
Investors are looking at the wrong data.
The real data is this...
Reports have it that the Saudis are preparing to pump their highest-ever crude oil volumes in July, at 10.8 million bpd—above the current all-time high of 10.72 million bpd from November 2016, just before the OPEC+ deal entered into force.
The World has record oil consumption with no sign of letting up.
As long as the World continues to consume record BPD of oil, oil stocks have no where to go but up with record earnings and revenue.
Trade active:
ADDED 25,000 SHARES
I feel the stock is a bargain!
I feel the stock is a bargain!
Trade active:
REPOST FROM A COMMENT I POSTED BELOW...INVESTORS TAKE NOTE!
DO NOT LISTEN TO WALL STREET FIRMS BASHING CHK...
THE CEO KNOW THE REAL DEAL..!
From the CEO
"We have 11.3 billion barrels of net recoverable resources across our asset base. ... It's going to be difficult for us to drill and complete all those as fast as what we'd like. We don't have the capital funding, the cash flow to do it. So we are going to be continuing to look at additional asset sales."
DO NOT LISTEN TO WALL STREET FIRMS BASHING CHK...
THE CEO KNOW THE REAL DEAL..!
From the CEO
"We have 11.3 billion barrels of net recoverable resources across our asset base. ... It's going to be difficult for us to drill and complete all those as fast as what we'd like. We don't have the capital funding, the cash flow to do it. So we are going to be continuing to look at additional asset sales."
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Take a look at GPOR
After you research this company, and its debt level, try and compare it to CHK...
CHK has BILLIONS of dollars in assets with the same debt level (measured by CR) as GPOR
GPOR trades at $11.79 while CHK trades at $4.70
There is no argument anyone can try to argue to convince me why CHK is trading under $5.00
Both companies have similar P/E's, both companies are very profitable but the big difference, CHK has BILLIONS in assets that at any given moment, can be sold to pay off the debt.
How much clearer does the argument to buy CHK need to be!
To top this off, Morgan Stanley just initiated CHK with a BUY RATING
Although the price target made me laugh, CHK still caught Morgan Stanley's attention because of CHK's BILLIONS IN ASSETS
ADDING 5000 SHARES
After you research this company, and its debt level, try and compare it to CHK...
CHK has BILLIONS of dollars in assets with the same debt level (measured by CR) as GPOR
GPOR trades at $11.79 while CHK trades at $4.70
There is no argument anyone can try to argue to convince me why CHK is trading under $5.00
Both companies have similar P/E's, both companies are very profitable but the big difference, CHK has BILLIONS in assets that at any given moment, can be sold to pay off the debt.
How much clearer does the argument to buy CHK need to be!
To top this off, Morgan Stanley just initiated CHK with a BUY RATING
Although the price target made me laugh, CHK still caught Morgan Stanley's attention because of CHK's BILLIONS IN ASSETS
ADDING 5000 SHARES
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Folks...
Watch the RIG Count and Oil Consumption
RIG Count gained 14 and Oil Output Hit 11 Million Bpd
I told everyone, DO NOT LOOK AT THE PRICE OF OIL IT IS NOT REFLECTIVE OF THE OIL STOCKS AND THEIR VALUE
These oil companies have long term supply agreements locked in at an average price of $70 per barrel.
CHK is really dirt cheap!
Watch the RIG Count and Oil Consumption
RIG Count gained 14 and Oil Output Hit 11 Million Bpd
I told everyone, DO NOT LOOK AT THE PRICE OF OIL IT IS NOT REFLECTIVE OF THE OIL STOCKS AND THEIR VALUE
These oil companies have long term supply agreements locked in at an average price of $70 per barrel.
CHK is really dirt cheap!
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BIG NEWS FOR CHK...HERE YOU GO..
Shale production continues to rise. U.S. oil production hit 11 mb/d last week, a new record high. A separate EIA report predicts that shale output will grow by another 143,000 bpd in August, compared to July. Gains will come from the Permian (+73,000 bpd), the Eagle Ford (+35,000 bpd), the Bakken (+15,000 bpd), plus smaller contributions from elsewhere. Meanwhile, the number of drilled but uncompleted wells (DUCs) increased by a massive 193 in June from a month earlier, most of which were concentrated in the Permian basin. The DUC backlog continues to swell as the Permian suffers from pipeline bottlenecks.
CHK IS IN THE Eagle Ford...
It has positions in resource plays of the Eagle Ford Shale in South Texas, the Utica Shale in Ohio, the Anadarko Basin in northwestern Oklahoma and the stacked pay in the Powder River Basin in Wyoming.
Shale production continues to rise. U.S. oil production hit 11 mb/d last week, a new record high. A separate EIA report predicts that shale output will grow by another 143,000 bpd in August, compared to July. Gains will come from the Permian (+73,000 bpd), the Eagle Ford (+35,000 bpd), the Bakken (+15,000 bpd), plus smaller contributions from elsewhere. Meanwhile, the number of drilled but uncompleted wells (DUCs) increased by a massive 193 in June from a month earlier, most of which were concentrated in the Permian basin. The DUC backlog continues to swell as the Permian suffers from pipeline bottlenecks.
CHK IS IN THE Eagle Ford...
It has positions in resource plays of the Eagle Ford Shale in South Texas, the Utica Shale in Ohio, the Anadarko Basin in northwestern Oklahoma and the stacked pay in the Powder River Basin in Wyoming.
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ADDING 5000 SHARES
What you are not hearing about oil and gas...Here you go!
Crude oil and natural gas production hit a new record in June with the highest production ever in the U.S. Production of crude topped 10.7 million barrels per day with production of natural gas hitting 4 million barrels per day, according to an analysis released by the American Petroleum Institute (API).
What you are not hearing about oil and gas...Here you go!
Crude oil and natural gas production hit a new record in June with the highest production ever in the U.S. Production of crude topped 10.7 million barrels per day with production of natural gas hitting 4 million barrels per day, according to an analysis released by the American Petroleum Institute (API).
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Watch the drama..Could push oil back to $80 or higher!
See News!
Iran Vows ‘Equal Countermeasures’ If U.S. Tries To Block Oil Exports
“If America wants to take a serious step in this direction it will definitely be met with a reaction and equal countermeasures from Iran,” Iranian state news agency IRNA quoted foreign ministry spokesman Bahram Qassemi as saying today.
See News!
Iran Vows ‘Equal Countermeasures’ If U.S. Tries To Block Oil Exports
“If America wants to take a serious step in this direction it will definitely be met with a reaction and equal countermeasures from Iran,” Iranian state news agency IRNA quoted foreign ministry spokesman Bahram Qassemi as saying today.
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ADDING 5000 SHARES
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NEWS...OIL could shoot to $100 if this gets any worse!
Iranian President Threatens U.S. With “Mother Of All Wars”
Iran’s President Hassan Rouhani has threatened the United States with “the mother of all wars” if Washington continues pressuring it with sanctions and attempts to foment unrest among the already disgruntled population.
“America should know that peace with Iran is the mother of all peace, and war with Iran is the mother of all wars,” Reuters quoted Rouhani as saying during a meeting with local diplomats. “You are not in a position to incite the Iranian nation against Iran’s security and interests,” he added.
Iranian President Threatens U.S. With “Mother Of All Wars”
Iran’s President Hassan Rouhani has threatened the United States with “the mother of all wars” if Washington continues pressuring it with sanctions and attempts to foment unrest among the already disgruntled population.
“America should know that peace with Iran is the mother of all peace, and war with Iran is the mother of all wars,” Reuters quoted Rouhani as saying during a meeting with local diplomats. “You are not in a position to incite the Iranian nation against Iran’s security and interests,” he added.
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TOP 5 FUNDS WITH MASSIVE POSITIONS IN CHK
THEY MUST KNOW SOMETHING, YOU THINK.?
The Vanguard Group Inc. 75,145,839
BlackRock Fund Advisors 72,147,195
Harris Associates LP 63,464,251
SSgA Funds Management Inc. 37,061,685
Capital Research & Management 32,595,544
THEY MUST KNOW SOMETHING, YOU THINK.?
The Vanguard Group Inc. 75,145,839
BlackRock Fund Advisors 72,147,195
Harris Associates LP 63,464,251
SSgA Funds Management Inc. 37,061,685
Capital Research & Management 32,595,544
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Venezuela is getting knocked off line and that means a possibility of an oil crisis as oil / gas consumption continues to grow throughout the World.
SEE NEWS BELOW..
According to OPEC’s secondary sources in the latest Monthly Oil Market Report, Venezuela’s crude oil production dropped in June by 47,500 bpd from May, to average 1.340 million bpd last month. This compares with an average of 2.154 million bpd in 2016, and an average of 1.911 million bpd in 2017.
The plunging oil production is nearing the psychological threshold of just 1 million bpd as early as this year, analysts and industry experts say, and it is difficult to see how production can be restored after years of underinvestment and mismanagement.
SEE NEWS BELOW..
According to OPEC’s secondary sources in the latest Monthly Oil Market Report, Venezuela’s crude oil production dropped in June by 47,500 bpd from May, to average 1.340 million bpd last month. This compares with an average of 2.154 million bpd in 2016, and an average of 1.911 million bpd in 2017.
The plunging oil production is nearing the psychological threshold of just 1 million bpd as early as this year, analysts and industry experts say, and it is difficult to see how production can be restored after years of underinvestment and mismanagement.
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ADDING 10,000 SHARES @ 4.38
I HAVE A FUNNY FEELING GOOD NEWS IS AROUND THE CORNER!
IF YOU'VE BEEN FOLLOWING ME, I SAID OIL PRICES WOULD RISE A FEW DAYS AGO AND THEY DID.
WTI CRUDE CLOSED ABOVE $69
BRENT CRUDE CLOSED ABOVE $74
WATCH IRAN NEWS...OIL COULD SKYROCKET!
CHK HAS GREAT EARNINGS, REVENUE, AND MOST IMPORTANTLY, A HUGE ASSET BASE WHICH IF SOLD, COULD WIPE OUT OVER 80% OF DEBT!
WHERE CAN YOU BUY AN OIL COMPANY LIKE CHK, WITH BILLION((S)) IN ASSETS, GREAT EARNINGS, TRADING UNDER $5.00 A SHARE..?
CHK HAS THE ASSETS TO COVER THE DEBT THEREFORE I DON'T CARE WHAT PEOPLE ARE SAYING!
IN FACT, CHK CEO SAID "THEY ARE IN NO RUSH TO SELL ASSETS CHEAP BECAUSE THEY HAVE PLENTY OF CASH FLOW."
LAST QTR CHK PAID-OFF OVER $500,000 IN DEBT WITHOUT SELLING ANYTHING.
IF CHK CAN CONTINUE TO DO THIS WITHOUT SELLING ASSETS, $500K X 4 QTRS = $2 BILLION IN DEBT REDUCTION.
CHK WOULD THEN HAVE MAYBE $6 BILLION IN DEBT
THINK ABOUT WHAT THE STOCK PRICE WILL BE AT WITH BILLION((S)) IN ASSETS AND DEBT CUT IN HALF!
I HAVE A FUNNY FEELING GOOD NEWS IS AROUND THE CORNER!
IF YOU'VE BEEN FOLLOWING ME, I SAID OIL PRICES WOULD RISE A FEW DAYS AGO AND THEY DID.
WTI CRUDE CLOSED ABOVE $69
BRENT CRUDE CLOSED ABOVE $74
WATCH IRAN NEWS...OIL COULD SKYROCKET!
CHK HAS GREAT EARNINGS, REVENUE, AND MOST IMPORTANTLY, A HUGE ASSET BASE WHICH IF SOLD, COULD WIPE OUT OVER 80% OF DEBT!
WHERE CAN YOU BUY AN OIL COMPANY LIKE CHK, WITH BILLION((S)) IN ASSETS, GREAT EARNINGS, TRADING UNDER $5.00 A SHARE..?
CHK HAS THE ASSETS TO COVER THE DEBT THEREFORE I DON'T CARE WHAT PEOPLE ARE SAYING!
IN FACT, CHK CEO SAID "THEY ARE IN NO RUSH TO SELL ASSETS CHEAP BECAUSE THEY HAVE PLENTY OF CASH FLOW."
LAST QTR CHK PAID-OFF OVER $500,000 IN DEBT WITHOUT SELLING ANYTHING.
IF CHK CAN CONTINUE TO DO THIS WITHOUT SELLING ASSETS, $500K X 4 QTRS = $2 BILLION IN DEBT REDUCTION.
CHK WOULD THEN HAVE MAYBE $6 BILLION IN DEBT
THINK ABOUT WHAT THE STOCK PRICE WILL BE AT WITH BILLION((S)) IN ASSETS AND DEBT CUT IN HALF!
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ANYONE SEE THIS NEWS TOO..???
Tullow Oil has stopped all operations in its Kenyan oil fields, citing unaddressed security fears as local hostility mounts.
Tullow Oil had threatened over the weekend to shut down its oil wells in the Lokichar basin if the government does not act soon to remedy production, security, and transportation problems. Tullow pulled the trigger not even three days later as it finds it difficult to transfer oil to the Kenyan coast as locals continue to interfere with transportation and operations unabated.
WORLD OIL PRODUCTION / CONSUMPTION CONTINUES TO RISE FASTER THAN SUPPLY!
Tullow Oil has stopped all operations in its Kenyan oil fields, citing unaddressed security fears as local hostility mounts.
Tullow Oil had threatened over the weekend to shut down its oil wells in the Lokichar basin if the government does not act soon to remedy production, security, and transportation problems. Tullow pulled the trigger not even three days later as it finds it difficult to transfer oil to the Kenyan coast as locals continue to interfere with transportation and operations unabated.
WORLD OIL PRODUCTION / CONSUMPTION CONTINUES TO RISE FASTER THAN SUPPLY!
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OIL NEWS...
Saudi Arabia halted crude oil and oil product shipments via the Bab el Mandeb chokepoint in the Red Sea after a Houthi attack on two Saudi tankers near the port of Hodeidah yesterday.
Saudi Arabia halted crude oil and oil product shipments via the Bab el Mandeb chokepoint in the Red Sea after a Houthi attack on two Saudi tankers near the port of Hodeidah yesterday.
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GREAT NEWS FOR CHK'S GAS RESERVES!!
EU And U.S. Pledge To Boost Natural Gas Trade
Juncker also said Europe would build more LNG terminals to import U.S.-LNG. Trump said, “they want very much to do that, and we have plenty of it… They will be a massive buyer , and they will be able to diversify their energy supply.”
EU And U.S. Pledge To Boost Natural Gas Trade
Juncker also said Europe would build more LNG terminals to import U.S.-LNG. Trump said, “they want very much to do that, and we have plenty of it… They will be a massive buyer , and they will be able to diversify their energy supply.”
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CHK SELLS $2 BILLION IN ASSETS...BAM!!!
OKLAHOMA CITY, July 26, 2018 /PRNewswire/ -- Chesapeake Energy Corporation (NYSE:CHK) today announced that it has entered into an agreement to sell its interests in the Utica Shale operating area located in Ohio for approximately $2.0 billion to Encino Acquisition Partners, a private oil and gas company headquartered in Houston, Texas. The transaction, which is subject to certain customary closing conditions, including the receipt of third-party consents, is expected to close in the fourth quarter of 2018. The purchase price includes a $100 million contingent payment based on future natural gas prices and is subject to adjustment for certain customary items at or following closing. Chesapeake intends to use the anticipated net proceeds to reduce debt.
OKLAHOMA CITY, July 26, 2018 /PRNewswire/ -- Chesapeake Energy Corporation (NYSE:CHK) today announced that it has entered into an agreement to sell its interests in the Utica Shale operating area located in Ohio for approximately $2.0 billion to Encino Acquisition Partners, a private oil and gas company headquartered in Houston, Texas. The transaction, which is subject to certain customary closing conditions, including the receipt of third-party consents, is expected to close in the fourth quarter of 2018. The purchase price includes a $100 million contingent payment based on future natural gas prices and is subject to adjustment for certain customary items at or following closing. Chesapeake intends to use the anticipated net proceeds to reduce debt.
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The SALE is HUGE!
Now...moving into earnings next week, I am looking for this stock to take off!
Earnings "should" be great!
Now...moving into earnings next week, I am looking for this stock to take off!
Earnings "should" be great!
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SO between last qtr when CHK paid off over $500 MILLION in debt, with this sale, it should reduce total debt to between $6 Bil / $6.5 Bil down from over $9 Bil.
CHK continues to improve its balance sheet and still has BILLIONS in assets!
I cannot imagine the stock will stay below $10 much longer!
CHK continues to improve its balance sheet and still has BILLIONS in assets!
I cannot imagine the stock will stay below $10 much longer!
Trade active:
Trade active:
In 2008, CHK was trading around $55 a share!
Now, the company is looking GREAT moving into next fiscal year!
The stock should be trading upwards of $15 to $20 now!
Now, the company is looking GREAT moving into next fiscal year!
The stock should be trading upwards of $15 to $20 now!
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This is next..!
Turner Formation
In February Chesapeake said the PRB, which it returned to in 2016, had four rigs running, with plans to add a fifth later this year. Chesapeake intends to bring on 33 wells this year in the Turner formation. “What you’re going to see in 2018 is basically a Turner-focused program in the Powder,” Chesapeake Executive Vice President Frank Patterson, exploration and production chief, said during a fourth quarter conference call.
Turner Formation
In February Chesapeake said the PRB, which it returned to in 2016, had four rigs running, with plans to add a fifth later this year. Chesapeake intends to bring on 33 wells this year in the Turner formation. “What you’re going to see in 2018 is basically a Turner-focused program in the Powder,” Chesapeake Executive Vice President Frank Patterson, exploration and production chief, said during a fourth quarter conference call.
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ADDING 25,000 SHARES @ $4.63
BOA UPGRADE, Although I am laughing at the price target, an upgrade is an upgrade!
CHK looks better than 50% of Wall Street Companies trading at outrageous valuations.
NEXT POSITIVE NEWS COMING... CHK'S DEBT / FINANCIAL POSITION / BALANCE SHEET WILL BE UPGRADED...WATCH THE NEWS!
LOOKING FOR $8 TO $10 IN 3 TO 6 MONTHS
BOA UPGRADE, Although I am laughing at the price target, an upgrade is an upgrade!
CHK looks better than 50% of Wall Street Companies trading at outrageous valuations.
NEXT POSITIVE NEWS COMING... CHK'S DEBT / FINANCIAL POSITION / BALANCE SHEET WILL BE UPGRADED...WATCH THE NEWS!
LOOKING FOR $8 TO $10 IN 3 TO 6 MONTHS
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NEWS...AS I'VE BEEN SAYING!
GREAT FOR THE OIL STOCKS INCLUDING CHK!
Tight Oil Markets Are Ignoring Supply Risk
The global oil market is once again in flux as geopolitics and regional conflicts take an increasingly heavy toll on oil supplies. Since the OPEC meeting in Vienna, warning signs that oil markets are heading for a shortage in supply, due to low spare production capacity and growing security threats in and around the Persian Gulf, have not been taken into account.
The perceived oil production increase from the OPEC and Russia agreement has not materialized in full. Analysts are even reporting that the spare production capacity of Saudi Arabia is less than 500,000 bpd.
This lack of production capacity must now become a major point of focus as, in addition to the ongoing Iran-U.S. confrontation in the Strait of Hormuz, Iranian backed Yemeni Houthi rebels have once again attacked Saudi oil tankers in the Red Sea. In response, Saudi Arabia has suspended oil shipments through the Bab El-Mandeb Strait for an undisclosed period of time.
Aramco stated that “in the interest of the safety of ships and their crews and to avoid the risk of oil spill, Saudi Aramco has temporarily halted all oil shipments through Bab El-Mandeb with immediate effect. The Company is carefully assessing the situation and will take further action as prudence demands”.
GREAT FOR THE OIL STOCKS INCLUDING CHK!
Tight Oil Markets Are Ignoring Supply Risk
The global oil market is once again in flux as geopolitics and regional conflicts take an increasingly heavy toll on oil supplies. Since the OPEC meeting in Vienna, warning signs that oil markets are heading for a shortage in supply, due to low spare production capacity and growing security threats in and around the Persian Gulf, have not been taken into account.
The perceived oil production increase from the OPEC and Russia agreement has not materialized in full. Analysts are even reporting that the spare production capacity of Saudi Arabia is less than 500,000 bpd.
This lack of production capacity must now become a major point of focus as, in addition to the ongoing Iran-U.S. confrontation in the Strait of Hormuz, Iranian backed Yemeni Houthi rebels have once again attacked Saudi oil tankers in the Red Sea. In response, Saudi Arabia has suspended oil shipments through the Bab El-Mandeb Strait for an undisclosed period of time.
Aramco stated that “in the interest of the safety of ships and their crews and to avoid the risk of oil spill, Saudi Aramco has temporarily halted all oil shipments through Bab El-Mandeb with immediate effect. The Company is carefully assessing the situation and will take further action as prudence demands”.
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UPGRADES BETWEEN YESTERDAY & TODAY THAT MANY INVESTORS NEVER SEE
CHK
BOA 07/27/18
Merrill Lynch 07/27/18
SunTrust Robinson 07/26/18
CHK
BOA 07/27/18
Merrill Lynch 07/27/18
SunTrust Robinson 07/26/18
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I now know Investors buying Oil / Gas Companies / Stocks have NO CLUE what they're doing.
Oil is down today because of...?
World Consumption / Demand / Exploration / Production is skyrocketing.
Oil should not be down. As for CHK, the stock should not be trading with the market. I am using any price below $5.00 as buying buying opportunity and loading by the truck load.
See Oil / Gas News...
Baker Hughes reported an increase to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs increased by 2 rigs, according to the report, with the number of active oil rigs increasing by 3 to 861 this week.
Oil is down today because of...?
World Consumption / Demand / Exploration / Production is skyrocketing.
Oil should not be down. As for CHK, the stock should not be trading with the market. I am using any price below $5.00 as buying buying opportunity and loading by the truck load.
See Oil / Gas News...
Baker Hughes reported an increase to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs increased by 2 rigs, according to the report, with the number of active oil rigs increasing by 3 to 861 this week.
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ADDING 10,000 SHARES
PRICE: $4.40
WHAT A GIFT THIS IS!!
PRICE: $4.40
WHAT A GIFT THIS IS!!
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What Wall Street Bankers are not telling you!
TAKE A LOOK...Revenue / Earnings should continue to spike into the future!
As I said in a few posts, OIL / GAS World Consumption is skyrocketing with no end sight.
CNPC announced plans to spend $22 billion by 2020 to boost oil and gas production in its western region of Xinjiang, according to Reuters.
Deepwater drilling picks up. “The broad-based recovery is now also reaching the offshore market,” Patrick Schorn, executive vice-president of wells at Schlumberger (NYSE: SLB), told analysts last week. “We are preparing ourselves further for deepwater.”
Occidental Petroleum considers sale of pipeline assets. Occidental Petroleum (NYSE: OXY) is exploring the sale of its pipeline assets, which could be worth as much as $5 billion. The move would give the company resources to boost exploration and production.
CHK SOLD OHIO SHALE ASSETS AT THE RIGHT TIME NO MATTER WHAT THESE NO NAME BANKERS SAID!
BANKERS DON'T UNDERSTAND HOW MUCH $2 BILLION DOLLARS IN ASSETS IS BECAUSE THEY'RE SO BUSY CHASING BUBBLE COMPANIES / STOCKS WITH NO ASSETS!
ALMOST 100,000 SHARES AND ADDING WITH EVERY DIP!
TAKE A LOOK...Revenue / Earnings should continue to spike into the future!
As I said in a few posts, OIL / GAS World Consumption is skyrocketing with no end sight.
CNPC announced plans to spend $22 billion by 2020 to boost oil and gas production in its western region of Xinjiang, according to Reuters.
Deepwater drilling picks up. “The broad-based recovery is now also reaching the offshore market,” Patrick Schorn, executive vice-president of wells at Schlumberger (NYSE: SLB), told analysts last week. “We are preparing ourselves further for deepwater.”
Occidental Petroleum considers sale of pipeline assets. Occidental Petroleum (NYSE: OXY) is exploring the sale of its pipeline assets, which could be worth as much as $5 billion. The move would give the company resources to boost exploration and production.
CHK SOLD OHIO SHALE ASSETS AT THE RIGHT TIME NO MATTER WHAT THESE NO NAME BANKERS SAID!
BANKERS DON'T UNDERSTAND HOW MUCH $2 BILLION DOLLARS IN ASSETS IS BECAUSE THEY'RE SO BUSY CHASING BUBBLE COMPANIES / STOCKS WITH NO ASSETS!
ALMOST 100,000 SHARES AND ADDING WITH EVERY DIP!
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JUST GOT FILLED @ 4.25
ADDING 10,000 SHARES
ADDING 10,000 SHARES
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NEWS
CHK DEBT PUT ON WATCH * POSITIVE *
CHK DEBT PUT ON WATCH * POSITIVE *
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NEWS
Crude Oil set to SURGE as gasoline consumption skyrocks!
Moving forward CHK should quadruple in price!
I also heard that several oil companies including private equity firms have been in contact with CHK since the asset sale.
Let's see what happens!
Long almost 100,000 shares!
Crude Oil set to SURGE as gasoline consumption skyrocks!
Moving forward CHK should quadruple in price!
I also heard that several oil companies including private equity firms have been in contact with CHK since the asset sale.
Let's see what happens!
Long almost 100,000 shares!
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Positive News.!
I've been honest with everyone and have been right on target with predictions. So here's the DEBT UPGRADE & it's great news for CHK!
New York, July 30, 2018 -- Moody's Investors Service, ("Moody's") placed the ratings of Chesapeake Energy Corporation (Chesapeake) under review for upgrade, including the B3 Corporate Family Rating (CFR) and the Caa1 senior unsecured ratings. The SGL-3 Speculative Grade Liquidity rating is unchanged.
These actions follow Chesapeake's agreement to sell all of its producing and non-producing acreage in the Utica Shale. The transaction is valued at around $2 billion and the company will use the proceeds to repay debt.
"This transaction will significantly reduce absolute debt levels and further the company's portfolio repositioning towards liquids from natural gas," commented Pete Speer, Moody's Senior Vice President. "
I've been honest with everyone and have been right on target with predictions. So here's the DEBT UPGRADE & it's great news for CHK!
New York, July 30, 2018 -- Moody's Investors Service, ("Moody's") placed the ratings of Chesapeake Energy Corporation (Chesapeake) under review for upgrade, including the B3 Corporate Family Rating (CFR) and the Caa1 senior unsecured ratings. The SGL-3 Speculative Grade Liquidity rating is unchanged.
These actions follow Chesapeake's agreement to sell all of its producing and non-producing acreage in the Utica Shale. The transaction is valued at around $2 billion and the company will use the proceeds to repay debt.
"This transaction will significantly reduce absolute debt levels and further the company's portfolio repositioning towards liquids from natural gas," commented Pete Speer, Moody's Senior Vice President. "
Trade active:
This is the "REAL" earnings release, not the garbage "news" release put out by MarketWatch and Reuters
Chesapeake Energy reports EPS in-line, beats on revs
7:06 AM ET 8/1/18 | Briefing.com
Chesapeake Energy reports EPS in-line, beats on revs
7:06 AM ET 8/1/18 | Briefing.com
Trade active:
Charts
In case anyone is wondering, CHK has support around $4.40, where it's currently trading.
If for some strange reason it breaks $4.40, the next support level should be around $4.00.
LONG!
In case anyone is wondering, CHK has support around $4.40, where it's currently trading.
If for some strange reason it breaks $4.40, the next support level should be around $4.00.
LONG!
Trade active:
What the Wall Street firms don't want you to know about Oil / Gas Demand!
By 2040, world population is expected to reach 9.2 billion people, up
from 7.4 billion today. Over that same period, global GDP will likely
double. As a result, per capita GDP is projected to rise significantly,
particularly in the non-member countries of the Organisation for
Economic Co-operation and Development (OECD). Billions of people
are expected to join the global middle class.
Rising living standards for expanding populations worldwide mean a
dependence on reliable modern energy. Combined, they are expected
to help drive up global energy demand by about 25 percent by the
year 2040. That is roughly equivalent to adding another North
America and Latin America to the world’s current energy demand.
The world will need to pursue all economic energy sources to keep
up with this considerable demand growth.
Source: ExxonMobile
By 2040, world population is expected to reach 9.2 billion people, up
from 7.4 billion today. Over that same period, global GDP will likely
double. As a result, per capita GDP is projected to rise significantly,
particularly in the non-member countries of the Organisation for
Economic Co-operation and Development (OECD). Billions of people
are expected to join the global middle class.
Rising living standards for expanding populations worldwide mean a
dependence on reliable modern energy. Combined, they are expected
to help drive up global energy demand by about 25 percent by the
year 2040. That is roughly equivalent to adding another North
America and Latin America to the world’s current energy demand.
The world will need to pursue all economic energy sources to keep
up with this considerable demand growth.
Source: ExxonMobile
Trade active:
Holding almost 100,000 shares
Chesapeake Energy Corp.'s shares are still in the bargain bin, selling at a forward P/E-multiple of around 6x next year's estimated profits.
The CEO was fast on the conference call to shut down all but 2 analysts and allowed their questions which tells me the Company Executives are furious with Dirty Wall Street Analysts for refusing to raise ratings / price levels on the stock.
CHK still has BILLIONS in assets.
If the stock price continues to lag moving forward, even though it's up 100% from a year or two ago, I think the company will be sold at around $12 to $15 a share.
Just my own thoughts.
Best of luck trading everyone!
Chesapeake Energy Corp.'s shares are still in the bargain bin, selling at a forward P/E-multiple of around 6x next year's estimated profits.
The CEO was fast on the conference call to shut down all but 2 analysts and allowed their questions which tells me the Company Executives are furious with Dirty Wall Street Analysts for refusing to raise ratings / price levels on the stock.
CHK still has BILLIONS in assets.
If the stock price continues to lag moving forward, even though it's up 100% from a year or two ago, I think the company will be sold at around $12 to $15 a share.
Just my own thoughts.
Best of luck trading everyone!
Trade active:
Watch this play out!
As I have been saying, World Consumption of Oil / Gas are out pacing supply.
NEWS
U.S. Drillers Add Double Digit Oil, Gas Rigs
Baker Hughes reported an increase to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs increased by 13 rigs, according to the report, with the number of active oil rigs increasing by 10 to 869 this week, while the number of gas rigs increased by 3, hitting 186.
The oil and gas rig count now stands at 1,057—up 108 from this time last year.
As I have been saying, World Consumption of Oil / Gas are out pacing supply.
NEWS
U.S. Drillers Add Double Digit Oil, Gas Rigs
Baker Hughes reported an increase to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs increased by 13 rigs, according to the report, with the number of active oil rigs increasing by 10 to 869 this week, while the number of gas rigs increased by 3, hitting 186.
The oil and gas rig count now stands at 1,057—up 108 from this time last year.
Trade active:
Watch Venezuelan Oil Production - It could boost Oil/Gas Prices real fast!
Venezuelan Oil Production figures could be fraudulent...
In July, Venezuela’s oil production came in lower than PDVSA had targeted, according to Argus Media. While PDVSA had hoped that it, along with its joint venture partners, would produce as much as 1.65 million barrels per day (mb/d) in July, actual production came in at about 1.526 mb/d.
Against that backdrop, the 1.526 mb/d figure doesn’t seem credible. Indeed, sources from within PDVSA told Argus that officials from the company’s eastern and western divisions “systematically inflated” the data. “They play with the storage tanks and what they report is not reality,” a senior executive told Argus. In reality, production could have been as low as 1.25 mb/d.
The report is not entirely useless, however, as it does offer some clues into the company’s demise. Argus says that “scant maintenance, reservoir management, skilled labor flight and a lack of critical naptha and light crude for transport and blending” are all contributing to the steep decline in production. An estimated 1,191 wells stopped producing in July.
Source: Cunningham
Venezuelan Oil Production figures could be fraudulent...
In July, Venezuela’s oil production came in lower than PDVSA had targeted, according to Argus Media. While PDVSA had hoped that it, along with its joint venture partners, would produce as much as 1.65 million barrels per day (mb/d) in July, actual production came in at about 1.526 mb/d.
Against that backdrop, the 1.526 mb/d figure doesn’t seem credible. Indeed, sources from within PDVSA told Argus that officials from the company’s eastern and western divisions “systematically inflated” the data. “They play with the storage tanks and what they report is not reality,” a senior executive told Argus. In reality, production could have been as low as 1.25 mb/d.
The report is not entirely useless, however, as it does offer some clues into the company’s demise. Argus says that “scant maintenance, reservoir management, skilled labor flight and a lack of critical naptha and light crude for transport and blending” are all contributing to the steep decline in production. An estimated 1,191 wells stopped producing in July.
Source: Cunningham
Trade active:
ADDED 5000 SHARES TODAY
PRICE: $4.45
100,000 SHARES LONG
NEWS FORTHCOMING!
PRICE: $4.45
100,000 SHARES LONG
NEWS FORTHCOMING!
Trade closed: target reached:
OUT
WE DO NOT LIKE THAT CHK IS BACK INTO DEBT
THE COMPANY SHOULD BE SELLING OFF MORE ASSETS NOT TAKING ON NEW DEBT
WE DID NOT SEE THIS COMING!
ON OR AROUND, FEB 13, 2018, WE PURCHASED A SUBSTANTIAL AMOUNT OF SHARES AROUND THE $2.73 PRICE.
TODAY WE SOLD 100,000 SHARES
AVERAGE COST / AVERAGE PRICE: $3.08
PROFIT: $19,000
CHK MIGHT BE A GOOD LONG TERM HOLD BUT WE CANNOT WAIT AND SEE NOW WITH THE NEWS TODAY.
YOU COULD BE LOOKING AT 3 TO 6 YEARS BEFORE THE STOCK APPRECIATES SUBSTANTIALLY.
TIME IS MONEY!
BEST OF LUCK TO ALL THE LONGS!
WE DO NOT LIKE THAT CHK IS BACK INTO DEBT
THE COMPANY SHOULD BE SELLING OFF MORE ASSETS NOT TAKING ON NEW DEBT
WE DID NOT SEE THIS COMING!
ON OR AROUND, FEB 13, 2018, WE PURCHASED A SUBSTANTIAL AMOUNT OF SHARES AROUND THE $2.73 PRICE.
TODAY WE SOLD 100,000 SHARES
AVERAGE COST / AVERAGE PRICE: $3.08
PROFIT: $19,000
CHK MIGHT BE A GOOD LONG TERM HOLD BUT WE CANNOT WAIT AND SEE NOW WITH THE NEWS TODAY.
YOU COULD BE LOOKING AT 3 TO 6 YEARS BEFORE THE STOCK APPRECIATES SUBSTANTIALLY.
TIME IS MONEY!
BEST OF LUCK TO ALL THE LONGS!
Trade closed manually:
OUT
WE DO NOT LIKE THAT CHK IS BACK INTO DEBT
THE COMPANY SHOULD BE SELLING OFF MORE ASSETS NOT TAKING ON NEW DEBT
WE DID NOT SEE THIS COMING!
ON OR AROUND, FEB 13, 2018, WE PURCHASED A SUBSTANTIAL AMOUNT OF SHARES AROUND THE $2.73 PRICE.
TODAY WE SOLD 100,000 SHARES
AVERAGE COST / AVERAGE PRICE: $3.08
PROFIT: $19,000
CHK MIGHT BE A GOOD LONG TERM HOLD BUT WE CANNOT WAIT AND SEE NOW WITH THE NEWS TODAY.
YOU COULD BE LOOKING AT 3 TO 6 YEARS BEFORE THE STOCK APPRECIATES SUBSTANTIALLY.
TIME IS MONEY!
BEST OF LUCK TO ALL THE LONGS!
WE DO NOT LIKE THAT CHK IS BACK INTO DEBT
THE COMPANY SHOULD BE SELLING OFF MORE ASSETS NOT TAKING ON NEW DEBT
WE DID NOT SEE THIS COMING!
ON OR AROUND, FEB 13, 2018, WE PURCHASED A SUBSTANTIAL AMOUNT OF SHARES AROUND THE $2.73 PRICE.
TODAY WE SOLD 100,000 SHARES
AVERAGE COST / AVERAGE PRICE: $3.08
PROFIT: $19,000
CHK MIGHT BE A GOOD LONG TERM HOLD BUT WE CANNOT WAIT AND SEE NOW WITH THE NEWS TODAY.
YOU COULD BE LOOKING AT 3 TO 6 YEARS BEFORE THE STOCK APPRECIATES SUBSTANTIALLY.
TIME IS MONEY!
BEST OF LUCK TO ALL THE LONGS!
CHK looks ready to move substantially higher especially on the monthly chart.
The weekly chart shows CHK closed on or .01 over resistance today.
If you use the monthly chart, the stock has room to run all the way up to around $15.44 before it hits upside resistance.
On the monthly chart, MACD and RSI are spiking to the upside.
If the news comes and CHK did sell over $2 Billion in assets to pay off debt, this stock should blast off.
Long and strong!