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Transportation Contracts

  • 29 Replies
  • 1519 Views
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macal

  • 10075
Re: Transportation Contracts
« Reply #15 on: June 16, 2018, 06:48:57 PM »

  Getting back to topic. A federal court has ruled that if a gas producer goes bankrupt that the pipeline contracts can be renegotiated. If Chesapeake were to go bankrupt maybe me and you wouldn't be paying $1.80 in deductions on 1 mcf of our gas. Just saying. Now that would be a great thing for me as only a small portion of my gas has been developed. Not the case for many of my friends .

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aubrey

  • 14605
  • NEWBIE
Re: Transportation Contracts
« Reply #16 on: June 16, 2018, 09:25:02 PM »
seems to be a lot of bitterness in you, over the terms of the lease that you are bound to chk with...forever.

us old guys.....we're living the dream. mailbox money every month, lunch with the boys once in a while to laugh about liberal hysteria.

speaking of chk though. they hit it big with one of their oilfields in texas. stock price has recovered nicely. huge profit for anyone who took a chance on them at $2.50 a few months back. but being bitter about your circumstances, I doubt that you doubled your money with them.

wj
CHANGE IT BACK!

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macal

  • 10075
Re: Transportation Contracts
« Reply #17 on: June 16, 2018, 09:46:43 PM »

  Wouldn't touch their stock with a ten foot pole. Everyone is suing them. Kinda like the Donald.

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aubrey

  • 14605
  • NEWBIE
Re: Transportation Contracts
« Reply #18 on: June 16, 2018, 11:00:32 PM »
your loss...my gain, you bitter little man.

wj
CHANGE IT BACK!

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macal

  • 10075
Re: Transportation Contracts
« Reply #19 on: June 17, 2018, 07:37:56 AM »

   You a need a little gain. I would bet that you have lost a small fortune betting on Chesapeake stock over the years.

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ghrit

  • 3647
  • Member since October 05, 2008
Re: Transportation Contracts
« Reply #20 on: June 17, 2018, 07:55:16 AM »

  Getting back to topic. A federal court has ruled that if a gas producer goes bankrupt that the pipeline contracts can be renegotiated. If Chesapeake were to go bankrupt maybe me and you wouldn't be paying $1.80 in deductions on 1 mcf of our gas. Just saying. Now that would be a great thing for me as only a small portion of my gas has been developed. Not the case for many of my friends .
You must try to remember that contracts represent a meeting of the minds.  Accordingly, if both minds agree, a contract between them can ALWAYS be renegotiated.  There is NO requirement for a court to tell us that.  Methinks that there are other questions of law in that case that you have not related.
There are two kinds of ships.  Submarines and targets.
www.survivalmonkey.com

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macal

  • 10075
Re: Transportation Contracts
« Reply #21 on: June 17, 2018, 08:09:34 AM »

  My take is that the bankruptcy voids the contract.

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aubrey

  • 14605
  • NEWBIE
Re: Transportation Contracts
« Reply #22 on: June 17, 2018, 03:38:22 PM »

   You a need a little gain. I would bet that you have lost a small fortune betting on Chesapeake stock over the years.

you lose that bet, much like your bets on chk leaving pa. somehow.

chk and swn have been consistent winners for me, along with rexx and wres before they went bankrupt.

your bitterness has cost you a great deal. not just money, but also respect, but then...you didn't have much to lose there.

wj
CHANGE IT BACK!

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macal

  • 10075
Re: Transportation Contracts
« Reply #23 on: June 18, 2018, 12:26:23 AM »

  You just win win win. Just like Donald says ' you're gonna get tired of winning'

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Wax

  • 6414
Re: Transportation Contracts
« Reply #24 on: June 18, 2018, 01:37:34 AM »
Cal, think of the stock market, as a lottery ticket, you do not throw away at the end of the day. Chk was around 100 dollars at one time. If you bought it high,its still worth something. I have several stocks I bought and sold 5+ times. Get the Wall Street Journal and throw some darts, at the pages. You may pick a big winner. Stocks are rigged and comments by analyst, send them up or down. If the broker sold all his shares, bad remakes are in order. He wants to buy shares back at a much lower price. Reading historical stock charts, is the key to make money in stocks. Timing is everything. When the bottom falls out , cash is king and some real fire sales. Can have fun and make money at the same time. But only play with what you could afford to lose.
And your not bitter. :) You a gentleman.   

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macal

  • 10075
Re: Transportation Contracts
« Reply #25 on: June 18, 2018, 06:25:12 AM »
  Wax, I never have been a stock player. I prefer doing some things with real estate. That can get hairy too. But I have been lucky with it. We do have a decent size retirement account managed by a friend through Wells Fargo. Im ready to take those accounts elsewhere . Any suggestions?

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ghrit

  • 3647
  • Member since October 05, 2008
Re: Transportation Contracts
« Reply #26 on: June 18, 2018, 09:12:37 AM »
  Wax, I never have been a stock player. I prefer doing some things with real estate. That can get hairy too. But I have been lucky with it. We do have a decent size retirement account managed by a friend through Wells Fargo. Im ready to take those accounts elsewhere . Any suggestions?
Matty, your fund manager is NOT your friend; get rid of that idea right effin' now.  You are paying hesheit for a service, and they know that keeping you happy by pretending to be a friend is how they keep clients on the hook.

For you, I'd suggest managing your account(s) and holdings yourself and save the management fees and bleeds.  If you can handle real estate, you should be able to handle stocks and bonds without much difficulty, the market moves faster being the main difference.
There are two kinds of ships.  Submarines and targets.
www.survivalmonkey.com

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Wax

  • 6414
Re: Transportation Contracts
« Reply #27 on: June 18, 2018, 10:30:02 AM »
Ghrit is right on this topic. I have managed my account the last thirty years. Stocks were easier back than. Fund managers and most clients have had a field-day the last 10 years.   If you plan on retiring soon,  stay conservative. And look at after tax monies to figure your true income. Get yourself a 2018 tax software program and put in your estimated income. It will ring it up, and spit out your tax bill. Might give you a surprise. In reality it is the definition of "tax differed".
Like Ghrit said, the market moves fast. Example 400,000 MCI Worldcom workers lost their retirement fund in a few days. Good luck.

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ghrit

  • 3647
  • Member since October 05, 2008
Re: Transportation Contracts
« Reply #28 on: June 18, 2018, 03:41:31 PM »
Matty:  Please do NOT take my observation above as advice to manage your own portfolio.  With your well known inability to stick to a subject, you will lose your shirt and most of the rest of your clothes in minutes.
There are two kinds of ships.  Submarines and targets.
www.survivalmonkey.com

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macal

  • 10075
Re: Transportation Contracts
« Reply #29 on: June 18, 2018, 03:57:01 PM »

  Good advice. Bad Gambler. I like real estate.