Chesapeake Energy Loses Money On Its Recent Sale Of Marcellus Acreage $CHK
By Devon Shire Back in the summer of 2010 I listened to a Chesapeake Energy (CHK) conference call where then CEO Aubrey McClendon laid out what he thought Chesapeake’s various properties were worth. While those estimates seemed to hold up through the McClendon era joint venture transactions, the numbers are now looking out of touch … Read more
Carl Icahn Has Taken Transocean to the Next Level $RIG
By Jason Simpkins I have a confession to make: Transocean (RIG) is one of my favorite stocks. And by now, it should be one of yours too. Late last year, we predicted the company would beat earnings, and it came through for us in a big way. In fact, Transocean performed so well that we … Read more
A Fresh Start for Chesapeake – And a New Profit Opportunity for Investors $CHK
By Jason Simpkins On Tuesday evening, Chesapeake Energy (CHK) lit up my screen in the after hours. You see, the company had long been on my radar, since it’s a current – and very profitable – recommendation in my trading service, The Smart Cap Alert. I recommended CHK options to Smart Cap subscribers on November … Read more
How Did Chesapeake Sell $12 Billion Of Assets And Actually Increase Its Debt? $CHK
By Devon Shire I have long been a fan of the massive base of unconventional resource assets that Chesapeake Energy (CHK) has assembled. The company did a great job of both identifying these new plays and employing the most effective “land machine” in the business to lock down that acreage. How Chesapeake financed much of … Read more
No Bakken, But Everything Else – Chesapeake Energy Is Set Up To Succeed $CHK
Chesapeake Energy Corp. (CHK) is, on a percentage basis, the fastest growing US liquids (oil and NGLs) E&P company over the last three years. On an absolute basis CHK is second only to EOG Resources (EOG). The charts below show just how outstanding this performance has been. CHK has done this without any current Bakken … Read more
