Friday, May 22, 2009

Consistency

May 6, 2009:
"Current low natural gas prices are setting the stage for a dramatic price rebound that should begin this fall or winter, Chesapeake Energy Corp.’s chief executive officer told analysts Tuesday."


May 22, 2009:
"Chesapeake Energy Corp. is "imminently about to close" on $1 billion in asset and output sales, Chief Financial Officer Marc Rowland said Wednesday."


A natural gas producer that expects the natural gas prices to go up "dramatically" within six months is likely to A) raise equity to hold on to it's current assets or B) sell billion dollars worth of assets?

WoodMac: No gas price rebound seen in near term(May 20)

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