A few weeks back, I penned an article questioning Chesapeake Energy’s (CHK) management and their ability to deliver value for shareholders, despite amassing a wealth of assets. While these doubts do not preclude me from holding my long position in CHK preferred D shares, I hesitate to add to my position, as CHK already comprises [...]
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) [...]
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 [...]
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% [...]
Many days, the newspapers’ front pages blast eye-grabbing headlines in heavy, bold print but carry little heft in content. Many of the stories that truly affect investors are buried further in the papers, if they make it in there at all. Today’s Wall Street Journal carries several items of interest for investors: More on this [...]
Click here to view the spreadsheet containing all disclosures for my complete equity portfolio, including initial entry points, YTD returns, total returns, etc. THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: +2.1% YTD (including dividends) DJIA: -19.5% Nasdaq: -12.6% S&P 500: -18.6% DJ WIlshire 5000: -17.8% Russell 2000 (smallcap): -22.1% Again this month, my posted portfolio shows [...]
