Archive for September 23rd, 2008


23
Sep

Tuesday Morning – Chesapeake Takes Action, Congress Doesn’t

Chesapeake acted last night to adjust its future plans to the realities of current gas prices (see below). Congress continues to wrangle over the bailout (not reacting to current financial market realities). In a nutshell I expect CHK to react favorably to the less aggressive posture they are taking and the market to react negatively […]


23
Sep

CHK Takes The Pedal Off The Metal

  Chesapeake Responds To Low Natural Gas Prices Capital Budget Coming Down… Between now and year end 2010, CHK see’s cutting its previously announced capital budget by $3 billion. This is simply a response to lower gas prices. In Septembers past, CHK has curtailed uneconomic production and they are doing that as well but rarely […]

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