Now that executive comp and LTI are mostly equity, CHK has way more incentive to LIE about reserves. A big markup soon will be the tell of the same ole CHK. Eyes on you marcellus
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I hate Chesapeake
It depends on the reputability of the hired firm. I'm sure you could influence the reserves, but they have a lot to lose if called out for intentionally ignoring regulations.
In addition, investors care much less about reserves than companies tend to realize. Even if there was a conspiracy to misstate reserves, probably would have little impact to share price.
Third parties paid by CHK are not independent reserve auditors. They do what CHK wants. I know because I work there.
Reserve estimates are opined by a third party.
Reserves fluctuate with gas prices genius. More acreage is viable, and wells can produce longer. I’d be concerned if companies weren’t reporting higher reserves this quarter.