Chesapeake Energy Corp (CHK)

Is Natural Gas a Buy?

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Since mid 2008 natural gas has been completely decimated by the market with the past eight months have been particularly bearish, cutting natural gas stocks in half.  Take a look at UNG for instance, down close to 60% from it’s June high of 12.32 a share.  So with natural gas bouncing off it’s all time low is it time to take a bullish stance on the commodity?  Recent options activity has spiked dramatically, with a call to put ratio of more than six to one.  With options activity a good forward looking indicator of investor sentiment, this is generally a very bullish … Read more

‘ve never seen a company argue its investment merits with this much force

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Many investors have a love-hate relationship with Chesapeake Energy.  I know I certainly do.  I’m still smarting from the let down knowing that its colorful and super smart CEO Aubrey McClendon got blown out of his own oversized margined position in 2008 without ever disclosing that he was buying all of his stock on a double down basis.  I even called the Company at the time and asked them if he was using his own money to buy all this stock.  They assured me he was.  I then asked well, where does Aubrey get all of this money.  They assured me … Read more