Chesapeake: Natural Gas Will Rally As Production Falls Through 2010 (CHK, UNG)

Chesapeake: Natural Gas Will Rally As Production Falls Through 2010 (CHK, UNG):

"On its conference call today, natural gas producer Chesapeake Energy (CHK) was pretty bullish on the outlook for natural gas (UNG).

They're expanding production and will continue to do so for years, and believe that gas production will come down 'in the months and quarters ahead', starting in the fourth quarter of 2009, and extending into an 'absolute trough of production some time in the first half of 2011.'"

Disclosure: SIMM owns Chesapeake

Update

At the end of trading on Wednesday July 29th SIMM's portfolio is valued at $148,971...

Stay tuned for future updates!

Update (as of July 21)

As of July 21st SIMM's E-Trade portfolio is outperforming the benchmark by 8.17% for 2009 Year to Date.

The current value of SIMM's total portfolio is $148,214.69. (This as the end of trading on July 22nd)

Performance Update

Looking at SIMM's performance compared to the benchmark....

As of 7/9/09 Year to Date SIMM's E-Trade account has returned 8.18%, while the benchmark has returned 1.02%...Outperforming the benchmark by 7.16%

As for the 2nd quarter 2009 SIMM's E-Trade account returned 16.71%, while the benchmark returned 13.58%...Outperforming the benchmark by 3.13%

Portfolio Update

At the end of trading on Wednesday, July 8th the SIMM portfolio is valued at $141,595.80.

Portfolio Update

As of July 1st the SIMM portfolio is valued at $144,800.

Performance Update

As of the end of trading on June 4th the E-Trade account is valued at $44,300 and the Bank of New York Mellon account is valued at $102,073. Giving the SIMM portfolio a total value of $146,373.