Hi DB, fully agree with your comments on valuations. And a little quote from Chesapeake's 2010 annual report:
"These liquids-rich plays generate the company’s highest returns (routinely more than 100%) and provided the inspiration for the company to find other liquids-rich plays in 2010. The Granite Wash, and other plays with liquids-rich gas production streams, provide the strongest economics in the industry today because they possess the best of both worlds: high-volume natural gas production along with significant volumes of highly valued liquids that dramatically increase investment returns".
Will be interesting to see how things play out today after Friday's strong finish.
BRU Price at posting:
$2.95 Sentiment: LT Buy Disclosure: Held
