http://www.peridotcapitalist.com/2008/03/more-on-chesapeake-energy.html Stock market and investing blog published by Chad Brand, Founder/President of Peridot Capital Sun, 05 Feb 2012 15:45:30 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.peridotcapitalist.com/2008/03/more-on-chesapeake-energy.html/comment-page-1#comment-858 madhatter Tue, 18 Mar 2008 02:28:00 +0000 http://www.peridotcapitalist.com/?p=566#comment-858 hey thanks for the write-up, appreciate your insight. this is the kind of info that is not in the numbers or on the balance sheet, but is so important to the whole picture of each individual name. good info. hey thanks for the write-up, appreciate your insight. this is the kind of info that is not in the numbers or on the balance sheet, but is so important to the whole picture of each individual name. good info.

]]> http://www.peridotcapitalist.com/2008/03/more-on-chesapeake-energy.html/comment-page-1#comment-856 Anonymous Sat, 15 Mar 2008 18:33:00 +0000 http://www.peridotcapitalist.com/?p=566#comment-856 Chad, I prefer XTO Energy (XTO). Their hedging strategies have been more successful in smoothing earnings than Chesapeake's (I recall a 2005 miss for Chessie on hedges), and they have another "alpha" in that they don't buy the "big finds" Chessie has, but purchase fields that are too small to move the profit needle for the big majors, but still hold lots of valuable hydrocarbons if extracted cost-efficiently. This "alpha" seems to have stayed independent of spot gas prices -- they've always found a way to buy cheaply. Chad, I prefer XTO Energy (XTO). Their hedging strategies have been more successful in smoothing earnings than Chesapeake’s (I recall a 2005 miss for Chessie on hedges), and they have another “alpha” in that they don’t buy the “big finds” Chessie has, but purchase fields that are too small to move the profit needle for the big majors, but still hold lots of valuable hydrocarbons if extracted cost-efficiently. This “alpha” seems to have stayed independent of spot gas prices — they’ve always found a way to buy cheaply.

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