Gasland: Frac Drilling Comes Under Fire

HBO is running a new documentary on fracking (shorthand for hydraulic fracturing), a key technology in the current US natural gas boom. Readers can find more information on fracking here but in brief, it is the process of injecting fluids into wells to break up earth and allow better well flow. Since Chesapeake Energy (CHK) [...]

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Portfolio +0.8% Year-To-Date

THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: +0.8% through Feb, 2010 (my actual IRR, including cash balance) DJIA: -1.0% Nasdaq: -1.4% S&P 500: -1.0% DJ Wilshire 5000: -0.4% Russell 2000 (smallcap): -0.9% February was a sedentary month for us here at Enlightened American. Sometimes, indeed most times when dealing with investing, doing nothing is the best [...]

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2009 Q4 Moves – Mohnish Pabrai and David Winters

You can view the latest portfolio moves in spreadsheet format of Mohnish Pabrai, renown value investor. Despite his shift toward a less concentrated portfolio, Pabrai’s portfolio is still rather focused compared to the average money manager. Only one new position, CapitalSource (CSE), which should be familiar to regular readers of this blog as Seth Klarman’s [...]

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Implications of XOM/XTO Deal For Natural Gas & Chesapeake Energy

The first big deal in the energy E&P space was announced yesterday as Exxon Mobil struck an agreement to buy XTO Energy. While I do not have a vested interest in either party, this deal has some implications for the energy markets and our largest position, Chesapeake Energy (CHK). Exxon’s move into the US natural [...]

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Portfolio +23.7% Through August 2009

View the spreadsheet containing all disclosures for my complete equity portfolio, including initial entry points, YTD returns, total returns, etc. through August 31, 2009. THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: +23.7% YTD (my actual IRR, which lags the equal-weighted returns) DJIA: +8.2% Nasdaq: +27.4% S&P 500: +13.0% DJ WIlshire 5000: +15.4% Russell 2000 (smallcap): +14.5% [...]

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Quick Update On Chesapeake Energy

Chesapeake Energy (CHK) reported earnings last week. The company didn’t have a complete set of financial statements but I direct readers to the company’s website for a closer look at the numbers or Zman’s excellent numbers breakdown at his blog. I will be focusing on the prospects for this investment. Key takeaways from the earnings [...]

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