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Man, the shale stocks are getting HAMMERED

Posted on 7/17/08 at 11:44 am
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 7/17/08 at 11:44 am
CHK down 6%

HK down 10%
Posted by LSU0358
Member since Jan 2005
8106 posts
Posted on 7/17/08 at 11:45 am to
Yeah, natty gas is down around 6.25% at the moment...
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 7/17/08 at 11:50 am to
futures contracts rolling today, I believe. I suspect hot money will be back in commodities soon.
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 7/17/08 at 11:57 am to
Down 7.5% on CHK now. This thing traded $74 2 weeks ago. Now it's 52.
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 7/17/08 at 11:59 am to
yeah I'm getting interested here.


ETA: I want to buy calls but the IV is stupid.
This post was edited on 7/17/08 at 12:03 pm
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 7/17/08 at 12:09 pm to
HK down 13%
Posted by igoringa
South Mississippi
Member since Jun 2007
12275 posts
Posted on 7/17/08 at 12:48 pm to
I'm melting, I'm melting
Posted by TigerDog83
Member since Oct 2005
8799 posts
Posted on 7/17/08 at 1:15 pm to
Good buying opportunity right now. Nat Gas always sinks in the summer and rises again in the winter. Fundamentals are the same they were two weeks ago, so we'll see these stocks get back up again I would suspect.
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 7/17/08 at 1:23 pm to
Even if natural gas goes down to $9, does that really mean these stocks should be down here?
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 7/17/08 at 1:41 pm to
Petrohawk down 17% now
Posted by Ric Flair
Charlotte
Member since Oct 2005
13872 posts
Posted on 7/17/08 at 1:54 pm to
I've been thinking of adding one of these to the portfolio. What are some positives/negatives of HK vs. CHK and which would you recommend (if you were only buying one)?
Posted by TigerDog83
Member since Oct 2005
8799 posts
Posted on 7/17/08 at 1:56 pm to
These companies are sitting on the exact same reserves they were three weeks ago. It's funny how trading works sometimes. Does anybody think GM is a better company today than they were three days ago? Probably not, but with the small drop in oil GM stock is up 2-3$ per share. Anybody buying Nat Gas stocks has got to be thinking long term, especially since natural gas is going to be the only wide scale likely choice for a bridge fuel until we can develop alternatives. If CHK drops below $50 I'm considering loading up.
This post was edited on 7/17/08 at 1:57 pm
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 7/17/08 at 3:31 pm to
Posted by morgcl
nor east fl
Member since Dec 2007
926 posts
Posted on 7/20/08 at 9:04 am to
i have been buying petrohawk and cheasepeake for some time now. i buy more on every dip of 5% or more. sure hope we have a cold winter.

are there any other players in the haynesville shale area?
Posted by animallover
Shreveport
Member since Jun 2008
36 posts
Posted on 7/20/08 at 9:29 am to
We are buying other small companies in the shale i.e. cubic energy(qbik), Mainland (MNLU), Gulf Coast Energy (GCOG) too. Anyone out there buying small stocks tied to Haynesville?
Posted by Tigah in the ATL
Atlanta
Member since Feb 2005
27539 posts
Posted on 7/21/08 at 7:19 pm to
Those damn speculators.

There oughtta be a law...
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 7/22/08 at 11:52 am to
Shale stocks hammered again today - CHK down 8%, HK down 12%. Nat gas is below $10 for the first time in months. I think it's headed to $7.
Posted by TigerDog83
Member since Oct 2005
8799 posts
Posted on 7/22/08 at 12:46 pm to
I doubt it goes to $7 for too long if it does. Gas always gets more expensive in the winter during the drawdown season. This is the time of year when gas is usually cheap.
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 7/22/08 at 12:50 pm to
But cheap relative to what?
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 7/22/08 at 12:51 pm to
I think the senate got cloture on the "anti speculation" bill this morning.
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