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post #1 of 6 (permalink) Old 11-27-2008, 10:01 PM Thread Starter
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Chesapeake Energy !

http://biz.yahoo.com/ap/081127/chesa...tal_raise.html
Quote:
Chesapeake Energy Corp., the nation's largest producer of natural gas, seeks to raise up to $1.8 billion through common stock sales in an effort to fund its drilling and exploration activities and mitigate the impact of lower natural gas prices on cash flow.
Looks like someone is in trouble. Maybe they need some bailout money too.
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post #2 of 6 (permalink) Old 11-27-2008, 10:18 PM
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"StatoilHydro bought 32.5% interest in Chesapeake's Marcellus shale-gas acreage in the Appalachia region."

Thats not good when your selling off your shit to folks in europe!

98 Brokra
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post #3 of 6 (permalink) Old 11-27-2008, 10:23 PM
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Quote:
Originally Posted by TexasDevilDog
http://biz.yahoo.com/ap/081127/chesa...tal_raise.html


Looks like someone is in trouble. Maybe they need some bailout money too.
LOL!

Look back to the early 90's, and then the early 80's. During both crunches, exploration, drilling and production companies all lost their asses with $8-9 Bbl oil, along with a shitload of banks that backed them. Their was no government aid for the oil business, nor will there ever be.

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post #4 of 6 (permalink) Old 11-27-2008, 10:24 PM
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Quote:
Originally Posted by Ylw 98~~SNAKE~~
"StatoilHydro bought 32.5% interest in Chesapeake's Marcellus shale-gas acreage in the Appalachia region."

Thats not good when your selling off your shit to folks in europe!

*cough *cough Anheuser Busch *cough

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post #5 of 6 (permalink) Old 11-27-2008, 10:44 PM
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Quote:
Originally Posted by VETTKLR
*cough *cough Anheuser Busch *cough
InBev huh fucking sellouts....haha Budweiser gives me a headache anyway Coors FTW!

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post #6 of 6 (permalink) Old 11-27-2008, 10:45 PM
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Fuck it, even T. Boone lost his ass back in the day. The folks worth a damn will be fine. It's not like the energy industry will cease to be.

Give me a dollar.
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