It is important to understand the CHK sale was an economic function and had little to do with SSN. Now over the last few months it is comming out that CHK is not as stable as thought. This does not mean that CHK is bad or getting ready to be bought up. Nothing more that financial and economic problem. This is causing the stock to drop as investors drop out.
Doubt drive the markets. This is what is going on with SSN. It would be great to hit great wells each time a hole was punched in the ground. Does not work that way.
SSN is still developing a stradedgy for the next few years. It is important to have sound partners. We are trying to prove the areas via 3-D. We need backers with equipment and TEAMS that can work.
Bob
http://www.reuters.com/article/2012/04/18/us-chesapeake-share-drop-idUSBRE83H0WJ20120418
http://www.wikinvest.com/stock/Chesapeake_Energy_(CHK)/Bulls#reason4384
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