Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Grommit who wrote (31703)	8/5/2008 5:24:51 PM
From: Madharry	Read Replies (1) of 78758

I dont have an answer to that. however it isnt going to take long at these prices for people to switch from heating oil to natural gas, on top of that if NG continues to be $20 abroad and $8 here only a matter of time before that NG gets shipped off to foreign countries. People in my area are switching out of heating oil as they can no longer lock in pricing for their winter heating costs. As Ive explained repeatedly once NG hits $9 in any given year CHK starts to hedge and locks in nice profits. CHK is one of my largest positions and if it goes down more and I have the funds I will probably buy more I dont believe its possible for oil to be over $100 a barrel and for NG to stay below $10 for any length of time. If MCDEP says the stock is worth $80 and one can make a plausible case that is worth $125-$150 thats good enough for me. Having said that I own lots of oil stocks too, but dont think I know them as well as I think I understand CHK.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next