The Wintergreen Fund, managed by David Winters, was fairly steady judging from its 13F filing. My spreadsheet is a little off as it seems some of the CUSP IDs were changed from last quarter so disregard the new positions shown in GLD & CNQ.
Winters opened only 1 new position, eBay. I’ve seen some [...]
A quick rundown on Q2 earnings and then I’ll focus on strategic matters. All results US$ unless otherwise noted:
Cash flow from operations increased 30% to $2.8B for the 6 months ended 06/30/2008. That’s probably another record for the company but they’re going to need every penny and then some as they showed $6.3B [...]
An overview of Q1 2008 results (US$):
Operating cash flow (OCF) up 53.3% to $1.5B. OCF per share was up 60.5% to $3.04. Both figures have to be some sort of record for them. Despite the huge cash flow, CHK spent $3B in capex, on their way to a projected $6.8B 2008 [...]
I’ll skip over the financial results from YE 2007. Any interested reader can search for the breakdown easily enough or get the press release from the company website. CHK pretty much hit all the performance targets I laid out in my last update (refresh your memory here) and I’d rather move on to the [...]
I’ve been a little lax on keeping tabs with Chesapeake Energy (guess it demonstrates my faith in Aubrey McClendon and his team). I read some stories on their Q4 2007 results, which looked good on the surface. This morning, they held a conference call to announce eight possible new plays. You can find an informative [...]
I heard it on TV so it must be true.
All kidding aside, the last two days have been absolutely brutal for the commodities side of our portfolio and today, the energy stocks also got whacked. And I don’t know about you folks but I haven’t reached that zen, Buffett-like state where falling prices don’t [...]
