Stockanalyst1/PS
The issue with Chesapeake was simply a comparison on return on capital. This is dependent on both the project and the commodity price. If you had followed Chesapeake reasonably closely you would have noted that they continued to invest significant capital even when gas prices where $4 and lower. Therefore the comparison as previously stated was that looking at the marginal cost of production versus the product price is not the whole story and shareholders should be concerned with return on capital. Again as everyone long continues to ignore it the quarterly income does not reconcile with the drop in cash balance, opex, capex and a reasonable assumption of G&A. Therefore you, nor anyone else can make a reasonable calculation of return on capital.
Paprika - you seem to think return on capital is irrelevant, can't tell me what the net production was for the last quarter let alone make a prediction for the next quarter, don't understand that their lower Working interest in drilled wells means their share of gross production is dropping yet you want us to believe your 20 posts per day on MAD??? As a starting point....if return on capital is hocus pocus what is their cash actually worth????
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