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Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
9882 posts

Anyone long CHK on here still?


I bought some a couple weeks ago to trade..I'm up 14% and probably about to bank it... should I hold it? why?


This post was edited on 7/18 at 9:50 am



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OTIS2
LSU Fan
NoLA
Member since Jul 2008
23665 posts

re: Anyone long CHK on here still?


I've held a good piece of what I bought last June...wish I'd held it all. Going to keep it for now.





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TROLA
LSU Fan
BATON ROUGE
Member since Apr 2004
5913 posts
 Online 

re: Anyone long CHK on here still?


I've been contemplating what to do myself with chk.. Got in around a year ago around 18 an then again 6 or so months ago.. Probably will hold out for the full year on the first block and sell..not sure what to do on the second.





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Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
9882 posts

re: Anyone long CHK on here still?


Most investors are happy about Carl lowering the debt right? Is that reason enough to hold ?





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donRANDOMnumbers
New Orleans Pelicans Fan
Lafayette Rouge
Member since Nov 2006
11736 posts

re: Anyone long CHK on here still?


im long because of bad decisions 5 years ago

with that in mind. would you just take a terrible loss, or wait it out.



This post was edited on 7/18 at 10:46 am


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Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
9882 posts

re: Anyone long CHK on here still?


in your case you might want to wait it out since they are sort of in a transitional period right now...might as well wait a couple of years and see what happens...





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donRANDOMnumbers
New Orleans Pelicans Fan
Lafayette Rouge
Member since Nov 2006
11736 posts

re: Anyone long CHK on here still?


probably my plan. should have grabbed some at the low to make up the difference but didn't.

i've only ever made 3 terrible moves, CHK being one of them.
i was new to investing at the time though. learned my lesson.






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TROLA
LSU Fan
BATON ROUGE
Member since Apr 2004
5913 posts
 Online 

re: Anyone long CHK on here still?


If they get the debt under control they could really do well with their remaining plays.. They've been very efficient with drillin costs but simply over bought, accumulating an untenable long term debt situation. Icahn seems to have a solid plan in place but its still uncertain to me whether they break apart more or hold.





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rmc
LSU Fan
Zachary, LA
Member since Sep 2004
22407 posts

re: Anyone long CHK on here still?


Got rid of mine around $21.50 a few months ago I believe. Still like them long. Was hoping for a pull back into the 17 range. Got down into the 18s and I should have bought back in.





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BROffshoreTigerFan
USA Fan
Youngsville
Member since Oct 2007
9420 posts

re: Anyone long CHK on here still?


I have some that are non-company granted that i bought in pretty low. We've sold off a lot of assets recently and plan to sell more to lower out debt and most of the focus now is on developing the assets that are worth it. There's been some policy changes and cleaning up done, and a lot more attention being paid to how we design our AFE's and allocate money for upcoming projects.

I think the new CEO is going to get us where Aubrey was trying to turn us towards before he left a lot faster.






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cwill
New Orleans Saints Fan
Member since Jan 2005
22826 posts

re: Anyone long CHK on here still?


They have some good assets left, but they are VPP'd out the ass....I have never liked CHK...I think most of the movement in their stock is emotional and not reality based.





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Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
9882 posts

re: Anyone long CHK on here still?


still holding...up 30% in 2 months.... guess I will just keep following the money





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