chunknasty

Josh Matthews, who am I to argue. You sir are the definition of an athlete. With your greasy Bozo the Clown hair style, lard sculpted gut and elite speed(with exception to a foot race with an old coach per Times Pic.); I agree that you are the superior athlete. However that isn't saying much.

I was taken to jail and charged with open containter. I was either 23 or 24. This was like two Benny Hill games ago.

I don't know if I'd buy; particularly if you are looking at them because of the Haynesville. They paid big $$ for acreage and with <$7 gas, their rate of return is going to be considerably less than others who were established in the area. I'd look at the companies who had large acreage positions prior to the land grab. CHK did do a good job of hedging with the JV, but they may still be a little risky. I don’t know the economic limit on a Haynesville horizontal, but I bet $5-6 gas is a pretty good number. It may even be higher now because of water issues.
On another note, if Boone Pickens plan goes through and natural gas becomes more important, it could be a gold mine to get into now.
One thing I've been thinking about is elastic goods vs. inelastic goods. The price drop in oil and gas may be a little exaggerated vs the rest of the market. Demand is going to fall, but at what rate??? O&G companies could end up being good buys. The other side is maybe oil and gas prices were over inflated?? Food for thought.