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Started By
Message
re: Chesapeake (CHK) Bandwagon
Posted on 5/13/12 at 8:59 am to TheHiddenFlask
Posted on 5/13/12 at 8:59 am to TheHiddenFlask
quote:
Doesn't matter what it is, just no FIAT.
Why do you hate Italian automobile manufacturers?
I invest all my money with John Bell. The dude looks serious as all hell about his financial genius and wizardry.
2
Posted on 5/13/12 at 11:54 am to Doc Fenton
Damn that guy looks straight up fierce.
Posted on 5/13/12 at 1:12 pm to Doc Fenton
I literally can not stop laughing at that picture.
Posted on 5/13/12 at 10:27 pm to Athanatos
I have a few hundred shares of CHK. I'm down about 20%. If I wasnt already in I wouldn't see the rush in getting in right now. No one knows where the bottom might be or how long till this story changes, but Chk is sitting on some very prime real estate in the nat gas world. I think that when some things align Chk will be a nice ride up
Posted on 5/13/12 at 11:52 pm to Jp1LSU
when CHK hits $8 I'm buying.
How much do you guys expect it to lose before lunch tomorrow?
How much do you guys expect it to lose before lunch tomorrow?
Posted on 5/14/12 at 12:14 am to CtotheVrzrbck
If anyone gives a serious answer to that question, the only thing useful about the answer will be knowing that that person is full of shite and not worth listening to on anything ever.
Posted on 5/14/12 at 6:11 am to CtotheVrzrbck
About tree fiddy.
Posted on 5/14/12 at 7:32 am to kfizzle85
4 bucks per share.
Fight me.
Fight me.
Posted on 5/14/12 at 7:37 am to TheHiddenFlask
quote:
About tree fiddy.
quote:
4 bucks per share.
You took all my hard work and rounded you bastard.
Posted on 5/14/12 at 8:00 am to BennyAndTheInkJets
quote:
You took all my hard work and rounded you bastard.
I almost went price is right style on you, so be greatful.
Posted on 5/14/12 at 8:51 am to TheHiddenFlask
CHK is going out old school....Nat Gas won't turn around soon enough and nobody wants to buy what is essentially a toxic asset.
Posted on 5/14/12 at 9:41 am to gonads&strife
I disagree there, its very well known what is on their balance sheet, there's nothing toxic about it in the financial sense, its just in bad shape in general. Private equity firms live for situations like this and there's a huge amount of recent interest in the energy space from that sector of the financial world. They have to figure out how to make the returns work with the amount of leverage CHK already has on their balance sheet and how to fund the cash needs going forward, but aside from being nominally the largest deal post-crisis and one of the larger buyout deals ever, I think its possible. US buyout consortium paring with a major foreign oil company in effectively a giant drill-carry? I'd say a Chinese hook-up, but I have a feeling politics would get in the way of that. I doubt you'd see much uproar if Total or Inpex came along though. Repsol could use some new assets, and its not like KKR and TPG haven't already done something similar in the past. $25B EV plus a generic 25-30% takeover premium. It would obviously be a large deal and unique if they bring in an outside party but I don't think its out of the realm of possibility.
Posted on 5/14/12 at 10:38 am to kfizzle85
CHK's sale of its Permian almost got shut down because they couldn't meet their bank convenant. They had to get a loan from Jefferies and Goldman to meet the obligation....clock is ticking.
Anything is possible, but this just seems unlikely.
And CHK's assets are tied up and burdened by various JV entanglements, burdened by on and off the book VPP arrangements, what else beyond the founder's program....I'd imagine if a PSA were ever signed that due dil would turn up some huge problems.
quote:
It would obviously be a large deal and unique if they bring in an outside party but I don't think its out of the realm of possibility.
Anything is possible, but this just seems unlikely.
And CHK's assets are tied up and burdened by various JV entanglements, burdened by on and off the book VPP arrangements, what else beyond the founder's program....I'd imagine if a PSA were ever signed that due dil would turn up some huge problems.
This post was edited on 5/14/12 at 11:44 am
Posted on 5/14/12 at 12:00 pm to gonads&strife
quote:
CHK's sale of its Permian almost got shut down because they couldn't meet their bank convenant. They had to get a loan from Jefferies and Goldman to meet the obligation
You got a link for that? I haven't had a lot of time the last 2 weeks so I must have missed that story but I'd like to read it.
JV entanglement is pretty par for the course, its not a CHK-specific operational set up by any means. Obviously don't know what skeletons might be hiding in the closet, as with any organization I'm sure there are some and given Mclendon's dealings I wouldn't disagree with you that there's probably more in there than your average company by far.
I just think there's too many real assets there for other investors to just sit by idle. As I said in a different thread, maybe someone will try and get control through BK if it makes it that far. I don't know how the process will end but I can't imagine current investors stomaching them just amputating limbs left and right just to hope to stay alive, and its not going to just sit on the market forever while its trading at effectively half its current NAV. Its not a cash flow investment, its a distressed asset investment. By its nature its inherently highly risky to undertake. eta: Either way, Ch. 11, takeover, merger, whatever, something is going to happen, its not just going to rot on the tree like it currently is.
This post was edited on 5/14/12 at 12:03 pm
Posted on 5/14/12 at 1:58 pm to kfizzle85
Posted on 5/14/12 at 2:33 pm to gonads&strife
Interdasting, thanks. Jefferies and GS positioning fulcrum debt for control in bk????? Just sayin. 
Posted on 5/14/12 at 2:52 pm to ByDaBook
Look at it over the last couple of months, extremely volatile.
Posted on 5/14/12 at 3:21 pm to kfizzle85
So...how much time before I either need to start looking or before I see a name other than chk on my checks?
Posted on 5/16/12 at 10:07 am to BROffshoreTigerFan
The hot rumor this AM is that they have begun asking vendors for lower prices and extended billing times...i'd start looking soon.
Posted on 5/16/12 at 4:13 pm to jonboy
Ok. I got in at $17 just for 75 shares. Now I got about $7k cash to put to work. In all seriousness, what about (looking for 2 week return without super penny stock)
50% chk
50% pq
Usually when gambling' I just research next day earnings.....someone give me some alternative to pq (petroquest).
-looking to make it or lose it, but no options
50% chk
50% pq
Usually when gambling' I just research next day earnings.....someone give me some alternative to pq (petroquest).
-looking to make it or lose it, but no options
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