CHK

Insider Buying Week 7-1-22 Few Buys but Some Important Ones

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Curious how well insiders are doing with their buys? Scroll through the significant buys of the last year. I thought we had put in some lows in some of the beaten-down tech names but I’m not sure about that after last week’s punishing finish.  Talk about a schizophrenic market. The bond market had a convincing rally with utilities leading the pack as the vibe has gone from a hot economy to one that may already be in recession according to chief market strategist from Charles Schwab, Liz Ann Sonders.   There were few insider trades to add to market confidence.  We’re … Read more

Insider Buying Week 6-24-22 The Market Comes Roaring Back as Powell gets a Mouthful

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  Curious how well insiders are doing with their buys? Scroll through the significant buys of the last year. The Fed has been bullied into raising interest rates into a weakening economy. Raising interest rates to bring down the price of oil or to untangle the supply chain disruptions is an act of lunacy.  The market is telling us that. Last week a bunch of senators and representatives gave the Fed Chairman a mouthful of that for the first time.   Now many congressional members are telling the Fed Chairman Powel that bleeding the patient to cure the disease is obsolete. … Read more

Notable Insider Buying Week Ending November 8-2019

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As a rule, we only look at material amounts of money, $200 thousand or more, as anything less could just be window dressing. The bar is different from selling because the natural state of management is to be sellers. This is because most companies provide significant amounts of management compensation packages as stock. Therefore, with selling, we analyze for unusual patterns, such as insiders selling 25 percent or more of their holdings or multiple insiders selling near 52-week lows. Another red flag is large planned sale programs that start without warning. Unfortunately, the public information disclosure requirements about these programs … Read more

A Contrarian View on Natural Gas- will efficiency in drilling trump reduction in rig count?

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Just how much natural gas is available in the U.S. market is a subject of intense analysis and controversial debate.  In December, the prestigious scientific journal, Nature published an article, Natural gas: The fracking fallacy. The gist of the article was that The United States is banking on decades of abundant natural gas to power its economic resurgence. That may be wishful thinking.  From our perspective, this may be a solid  trading opportunity as natural gas is trading at the lowest price in 15 years and several factors may be converging to reverse this secular decline in price when most pundits are least expecting it. Natural … Read more

Crude oil in free fall creates long term buying opportunity

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I think the sharp drop in crude and the decline in some US centric shale plays creates a buying opportunity.  We bought Anadarko, Apache, Continental Resources, EOG, a little Chesapeake and quite a bit of Occidental today.  It’s a falling knife for sure but we are probably a lot closer to the bottom than the top. We don’t pretend to be able to portend the future price of crude. I don’t think the CEO of Exxon can do that.  What is clear though is that the US has become the most reliable, safest place in the world to explore and … 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