Chesapeake fourth-quarter profit tops Street, expenses fall

Comments (3)
Vuenbelvue wrote:

That is what one would expect when a company sells off billions in assets to meet loan repayments. Wasn’t Chesapeake a long range project to profitability, like 2015. The five year typical DOJ investigation into the purchase of leases just started in 2012, so the findings of that won’t be announced until 2017. The real surprise is the stock price is $20 but it is probably riding on the oil refining shortage problem that would not be occurring semi-annually if EPA would allow new modern refineries to be built.

Feb 21, 2013 8:12am EST  --  Report as abuse
Overcast451 wrote:

“oil refining shortage problem that would not be occurring semi-annually if EPA would allow new modern refineries to be built.”

Or we could tell the middle east and the oil companies to take a hike; use domestic natural gas. Then we’d keep a lot of our dollars in the US supporting domestic jobs.

Plus, it’s cleaner than oil/diesel – no matter how you spin it.

Feb 21, 2013 10:03am EST  --  Report as abuse
Vuenbelvue wrote:

I always heard that natural gas will never power a diesel or give either a car or a diesel much mileage range per tank full before a fill-up is needed. Most propane delivery trucks are diesel because of the lack of power that propane would provide.

Feb 21, 2013 2:50pm EST  --  Report as abuse
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