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Category: Investment, Renewable Energy, Natural Gas
A True Clean Energy Investment: Chesapeake Energy Corp - (NYSE: CHK) - Industry: Natural Gas Exploration & Production
Miami - December 7, 2009 - Karl W. Miller, a senior energy executive and institutional investor today issued the following statement through his advisors. Mr. Miller believes that CHK common equity is significantly undervalued given its position as a purely U.S. domestic producer of Natural Gas and is poised to benefit significantly from the focus on achieving renewable energy goals in the U.S.
Chesapeake Energy is significantly levered. Due to CHK leverage, strong U.S. domestic production profile, and significant discount in price relative to its peer group on a price to earnings basis, Mr. Miller believes CHK equity is positioned to outperform its peer group during 2010 on an invested capital basis.
There will again be energy shortages in the U.S., increased fuel price volatility, and a marked need for new clean power generation, primarily natural gas derived due to its moderate construction time, proven efficiency and security of fuel supply.
To view Mr. Miller's Full report: U.S. Renewable Energy: A Self Inflicted Crisis in the Making go to:
http://news.prnewswire.com/ViewContent.aspx?ACCT=109&STORY=/www/story/06-29-2009/0005052129&EDATE=
About Mr. Miller:
Mr. Miller is a globally recognized energy executive and institutional investor with a balance of both financial and energy sector expertise. Mr. Miller began his career on Wall Street during the 1980s and has an extensive background in banking, commodities trading and risk management.
Mr . Miller has a long history in the global energy business and has held a variety of executive management positions both within the United States, Europe and Asia. Mr. Miller has bid on over $25 billion in energy related assets during his career.
Mr. Miller has built, restructured and managed energy businesses for major public energy companies on several continents, including PG&E Corporation, Electricite de France, El Paso Energy, Enron Corporation and JPMorgan Chase.
Mr. Miller holds an MBA in Finance from the Kenan-Flagler Business School at The University of North Carolina, Chapel Hill. Mr. Miller also holds a B.A. in Accounting from Catholic University located in Washington DC.
Mr. Miller is currently on medical leave until 2010.
Source: VBCC
Contact:
Karl Miller
VBCC
mpdevelop@aol.com
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