Archive for July 1st, 2008


01
Jul

CHK – A Swing For The Fence That Worked, Still First Inning Here

CHK & PXP Announce Haynesville JV Anatomy of the deal: Plains Exploration (PXP) Pays Chesapeake (CHK) $1.65 billion for 20% of CHK's Haynesville Shale (H.S.) leasehold. This amounts to 110,000 acres of CHK's now 550,000 acre H.S. position, On the surface this equates to $15,000 per acre, But PXP is carrying 50% of CHK's drilling […]


01
Jul

Welcome To The Second Half! IEA Cuts Supply Forecast And Oil Is On The Warpath

News flash: energy stocks were the best performers in the S&P500 in the first half of 2008. Sorry, I was reading an AP story this morning saying as much and thought it worth commenting upon. Yes it's obvious that aside form the independent refiners energy was the place to be in both quarters of the […]

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