September 23, 2008 | Zman's Energy Brain ~ oil, gas, stocks, etc...

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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 […]

Posted in Uncategorized | 112 Comments »

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 […]

Posted in Uncategorized | 2 Comments »

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Archive for September 23rd, 2008

Tuesday Morning – Chesapeake Takes Action, Congress Doesn’t

CHK Takes The Pedal Off The Metal