Reading Time: < 1 minute Was on the road on election night. I left the training class at 4:25 at North Little Rock and headed to the LIT airport. When I listened to NPR at around 5:30 PM, the poll in east coast was about to close. When I got to Atlanta for transfer, it was 8:30 PM EST, so… Continue reading My election night experience
Tag: CHK
Why CHK is a sell?
Reading Time: 2 minutes Macro environment This morning on my way to work, I found the regular unleaded gas is sold for $2.88 at Shell station near my home. The oil is coming down, amid the slow down of US economy, the No. 1 consumer of the light sweet crude: American consumes 25% of world crude production. Natural gas… Continue reading Why CHK is a sell?
Chesapeak Energy CHK: hedge fund or natural gas producer ?
Reading Time: < 1 minute A while back I bought some Chesapeak Energy stock (NYSE:CHK) after it dropped from high of $75 to around $50, I knew its Q2 2008 results are not good because of its hedging loss. The following was an interview of its CEO McClendon on CNBC on Aug 19.
MO tax holiday, CHK hedge backfires
Reading Time: < 1 minute It’s the holiday season again, this weekend is the MO tax holiday for back-to-school season. Quote the MO state gov web site: Section 144.049, RSMo, establishes a sales tax holiday during a three-day period beginning at 12:01 a.m. on the first Friday in August and ending at midnight on the Sunday following. Certain back-to-school purchases,… Continue reading MO tax holiday, CHK hedge backfires
Cummings CMI and my energy play
Reading Time: 2 minutes My 2 cents on Cummins CMI (a while ago) I have watched CMI for a few months now, have not pulled the trigger yet. There was a brief chance around March 17. I dare not to buy it after it went above 50. Like commodity, short term CMI has some selling pressure because: 1) It’s… Continue reading Cummings CMI and my energy play
Analyze CHK hedging strategy: I
Reading Time: 2 minutes Chesapeake Energy (NYSE: CHK) is a stock I have known for a while. I traded it in year 2006, I did not hold it for long term partly because I usually don’t hold a stock for more than a year (until Mindray), more importantly I did not understand all the natural gas price volatility, CHK’s… Continue reading Analyze CHK hedging strategy: I
401k, oil and gas
Reading Time: < 1 minute 401k Last week my old 401k at Vanguard was merged to my new 401k. I don’t know if you paid attention to your 401k or IRA lately, not a fun thing to do. I did a quick calculation, my old 401k portfolio lost 7.56% of its value from Dec 31 2007 to July 7 2008… Continue reading 401k, oil and gas