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The Water Cooler
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Are low oil prices helping or hurting you?
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<blockquote data-quote="Shadowrider" data-source="post: 2790444" data-attributes="member: 3099"><p>Lok they haven't been bought out because their debt is still too high. Two things will change that. </p><p>1) A spike in NG prices which will shrink the percentage of debt on the balance sheet. </p><p>2) Time. CHK has been working to reduce their debt and they have had some success in doing that. As time goes by they will keep chipping away at it and it will become "palatable" to one of the big guys like ExxonMobil, ConocoPhillips, Marathon, etc.</p><p>And to a lesser extent:</p><p>3) If congress gets off their ass and repeals the export ban. That would help the industry as a whole.</p><p></p><p>As it stands right now I'm torn on buying back into CHK stock. If one has the money to let it ride for awhile, now would be good because I'm pretty sure CHK stock is near it's bottom. Maybe not completely there but pretty close. I don't have the cash to just throw at it and wait a couple of years, I have to be in a shorter term "mode" right now, but if one did have the cash to let it sit awhile they would do well I think.</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 2790444, member: 3099"] Lok they haven't been bought out because their debt is still too high. Two things will change that. 1) A spike in NG prices which will shrink the percentage of debt on the balance sheet. 2) Time. CHK has been working to reduce their debt and they have had some success in doing that. As time goes by they will keep chipping away at it and it will become "palatable" to one of the big guys like ExxonMobil, ConocoPhillips, Marathon, etc. And to a lesser extent: 3) If congress gets off their ass and repeals the export ban. That would help the industry as a whole. As it stands right now I'm torn on buying back into CHK stock. If one has the money to let it ride for awhile, now would be good because I'm pretty sure CHK stock is near it's bottom. Maybe not completely there but pretty close. I don't have the cash to just throw at it and wait a couple of years, I have to be in a shorter term "mode" right now, but if one did have the cash to let it sit awhile they would do well I think. [/QUOTE]
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Are low oil prices helping or hurting you?
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