UlackSACK wrote:
Once again you fail to answer the question.
I would say it's about time we start hearing about how his running is going.
UlackSACK wrote:
Once again you fail to answer the question.
I would say it's about time we start hearing about how his running is going.
purple martin wrote:
UlackSACK wrote:
Once again you fail to answer the question.
I would say it's about time we start hearing about how his running is going.
Today I was cross training. I was clearing a tree root pinched irrigation line. Talk about hard work. You have to be careful not to nick the line.
Igy
yard work isn't cross-training. And treasuries aren't..... Nevermind.
Seattle,
A few more years you will be scheduling your yard work as cross training. In this situation I had a forty foot river birch that pinched a sprinkler line in three spots. I had to cut it out with pruning saw, hammer and chisel. Much tougher than cross training. Looks like an up day in the market. Pot a gold today or lump of coal?
Igy
Ghost of Igloi wrote:
Financial Advisor wrote:
Never mind. I was confused when you mentioned 10 year notes, but I now see that you’re referring to 3 month T bills. Unfortunately, that’s a losing proposition.
Unfortunately you need more experience.
I’m not the one recommending investments that lose buying power.
I don’t recommend anything here. It is simply a bet on what will do better over the next two years. So keep in touch FA.
You’re telling readers what you think the best strategy is. Call it what you want. I call it a recommendation.
Oh you hurt my feelings. So sad.
Ghost of Igloi wrote:
A few more years you will be scheduling your yard work as cross training. In this situation I had a forty foot river birch that pinched a sprinkler line in three spots. I had to cut it out with pruning saw, hammer and chisel.
Igy
There! Now don't say he didn't answer your question about when the 60% drop is going to happen.
He called it 3 years ago, and we know that happened. Oh, wait! No it didn't
It was 2 years ago and we know that happened. Oh, wait!
It was a year ago, that's when it happened. Didn't it?
[quote]Financial Advisor wrote:
You’re telling readers what you think the best strategy is. Call it what you want. I call it a recommendation.
You are a self proclaimed financial advisor. WTF do you do?
purple martin wrote:
Ghost of Igloi wrote:
A few more years you will be scheduling your yard work as cross training. In this situation I had a forty foot river birch that pinched a sprinkler line in three spots. I had to cut it out with pruning saw, hammer and chisel.
Igy
There! Now don't say he didn't answer your question about when the 60% drop is going to happen.
He called it 3 years ago, and we know that happened. Oh, wait! No it didn't
It was 2 years ago and we know that happened. Oh, wait!
It was a year ago, that's when it happened. Didn't it?
Get in some physical labor. It will take the edge off your menral illness.
Bought CHK and GIS.
Big Dog Investments wrote:
Bought CHK and GIS.
"Therefore whenever a stock goes against the general trend you are justified in assuming that there is something wrong with that particular stock."
"One of the most helpful things that anybody can learn is to give up trying to catch the last eighth or the first. These are the two most expensive eighths in the world."
Jesse Livermore
Currently , the S&P Oil & Gas Expl & Prod ( XOP ) is the hottest group . Yet, CHK is not participating ; the Market is telling you something .
https://www.barchart.com/etfs-funds/quotes/XOP/technical-chart?plot=BAR&volume=total&data=DO&density=M&pricesOn=1&asPctChange=1&logscale=0&startDate=2018-03-30&endDate=2018-04-30&daterange=specific&sym=XOP&grid=1&height=500&studyheight=200&overlay1=CHK&axis1=false&axis2=false&axis3=false&isComparison=1I’d feel a lot better if Igy had written that. ?
2017 CHK annual report:
Liquidity Overview
Our ability to grow, make capital expenditures and service our debt depends primarily upon the prices we receive for the oil, natural gas and NGL we sell. Substantial expenditures are required to replace reserves, sustain production and fund our business plans. Historically, oil and natural gas prices have been very volatile, and may be subject to wide fluctuations in the future. The substantial decline in oil, natural gas and NGL prices from 2014 levels has negatively, and will continue to have, affected the amount of cash we generate and have available for capital expenditures and debt service and has had a material impact on our financial position, results of operations, cash flows and on the quantities of reserves that we can economically produce. Other risks and uncertainties that could affect our liquidity include, but are not limited to, counterparty credit risk for our receivables, access to capital markets, regulatory risks, our ability to meet financial ratios and covenants in our financing agreements and the availability of lenders’ commitments as a result of regulatory pressures in the lending market.
As of December 31, 2017, we had a cash balance of $5 million compared to $882 million as of December 31, 2016, and we had a net working capital deficit of $831 million as of December 31, 2017, compared to a net working capital deficit of $1.506 billion as of December 31, 2016. As of December 31, 2017, we had total principal debt of $9.981 billion, compared to $9.989 billion as of December 31, 2016. As of December 31, 2017, we had $2.888 billion of borrowing capacity available under our senior secured revolving credit facility, with outstanding borrowings of $781 million and $116 million utilized for various letters of credit. Based on our cash balance, forecasted cash flows from operating activities and availability under our revolving credit facility, we expect to be able to fund our planned capital expenditures, meet our debt service requirements and fund our other commitments and obligations for the next 12 months. See Note 3 of the notes to our consolidated financial statements included in Item 8 of this report for further discussion of our debt obligations, including principal and carrying amounts of our notes.
Even though we have taken measures to mitigate the liquidity concerns facing us for the next 12 months, as outlined above in Overview of 2017 Results and Business and Industry Outlook, there can be no assurance that these measures will be sufficient for periods beyond the next 12 months. If needed, we may seek to access the capital markets or otherwise refinance a portion of our outstanding indebtedness to improve our liquidity. We closely monitor the amounts and timing of our sources and uses of funds, particularly as they affect our ability to maintain compliance with the financial covenants of our revolving credit facility. Furthermore, our ability to generate operating cash flow in the current commodity price environment, sell assets, access capital markets or take any other action to improve our liquidity and manage our debt is subject to the risks discussed above and the other risks and uncertainties that exist in our industry, some of which we may not be able to anticipate at this time or control.
Now I feel better.
?
Huh, all those wonderful non-GAAP, stock buy back, central bank underwritten EPS and the market sold off. Who would have known? No worries just another buy opportunity or lump of coal day.
Ghost of Igloi wrote:
Huh, all those wonderful non-GAAP, stock buy back, central bank underwritten EPS and the market sold off. Who would have known? No worries just another buy opportunity or lump of coal day.
I think we all knew it was going to be a down day as soon as you predicted the opposite this morning.
OK, up year aheah! ?