Monday, February 27, 2012

Two Interesting Points From the Chesapeake Energy Investor Presentation

From the most recent February version:

  • Recognize the world is "short yield" and provide various investment opportunities to yield-hungry investors who are willing to pay more for select assets than core E&P investors are willing to do. Examples include VPPs, Royalty Trusts and asset level Preferred Stock transactions
  • "The NYMEX Natural Gas Forward Curve is broken – it is now likely one of the most mispriced investments in the market"
That is interesting. The point about the hunger for yieldy instruments is really true.

11 comments:

Stagflationary Mark said...

I know how much you love Jim Cramer. He's doing it again, lol. Sigh.

CP said...

Procyclical Jim Cramer.

Did they just change the comment interface?

Stagflationary Mark said...

They changed the interface.

I don't like it much but perhaps it will grow on me.

CP said...

This looks horrible.

They keep crippling the UI on everything. Are they trying to take a dive?

Stagflationary Mark said...

Perhaps they are taking advice from Reed Hastings (CEO of Netflix), lol. ;)

Stagflationary Mark said...

In all seriousness, I use Netflix on the Playstation 3. You'd think I'd be able to search for a War movie or a movie with a certain actor in it.

Nope. I am at the whim of what it thinks I want to see (in lists of its choosing).

Stagflationary Mark said...

I should add that I can search for movies with certain actors in it on my computer.

That doesn't help me much though. I guess Netflix figures that I should boot my computer in my home office so that I can find a movie to watch on my Playstation 3 in the family room.

Sure. Why not? I love jumping through needless hoops.

Worse, I really liked the UI on the Playtation 3 once. They had tons of categories and tons of subcategories. They took it away though. Choice is bad apparently.

Sorry about the long UI rant!

Stagflationary Mark said...

Apparently I am not alone. I was curious so I went looking.

Yes, please, change it back. I've been all over the PlayStation and Netflix websites looking for a place to complain about this. Why was this change even implemented? It takes away choices from the user, is extremely unfriendly to non-widescreen televisions, and in general is just extremely unattractive. How am I supposed to browse my favorite sub-genres? Who is Netflix to say that the only genres I can browse are limited quantities of Action, Romantic Comedies, and TV Comedies? Why fix what wasn't broken? It isn't even an improvement. Congratulations to the developers who made this "upgrade"- you can put your helmets back on now. Try not to drool on yourselves too much as we wheel you back to your padded cribs. - FatLadySinging

Hahaha! I hear that.

CP said...

Maybe they are trying to disguise a lack of streaming content?

Stagflationary Mark said...

Maybe they are trying to disguise a lack of streaming content?

Perhaps.

Unfortunately, the disguise just makes it worse.

Picture this. The one and only search box forces me to think up part of the name of a movie I want to see (probably one I've already seen since it is streaming old titles to me).

Now picture me typing in the name of a specific movie and not finding it, then another and not finding it, and so on.

Stagflationary Mark said...

In hindsight, I should have shorted Netflix when I wrote comments here last year.

It would have been a very painful 6 months but it would have also been a very profitable full year (assuming I could stay solvent ;)).