Chesapeake Energy Corp (NYSE:CHK)

lidanny (< 20) Submitted: 8/5/2008 10:23:17 AM : Start Price: $43.93 CHK Score: -58.73

Natural gas has momentum for increased usage due to cost, cleanliness and increaesed emphasis on a self reliant America in terms of energy. This will tie in with the Go Green movement. Chesapeake is investing now in siging leases in areas with good prospects for natural gas development. This is not only happening in the south but in Northern New York as well. They have recently been offering leases to landowners in Central New York where gas has been found at ~4000 feet. They are locking up these leases at some very attractive prices from their prospective. Many of the royalties are at 12.5% and they are paying as little as 50.00 an acre, much less than they are paying in the southern states. I believe they are well positioned to profit from an increased usage in natural gas. I now prefer to heat with natural gas and I would be interessted in a CNG car. I think many Americans will feel the same way and buy into the keep American money in America argument for ng.