Ann: Investor Roadshow Presentation, page-149

Pbnewby,

Here is an article about Chesapeake I posted on 29/9

http://hotcopper.com.au/threads/us-...2590952/page-71?post_id=16076544#.Vg8pDJWhfIU

The best things to follow if you are interested in watching the impending train wreck in markets caused by exploding junk bonds (in full 3D) are the BoFA Merrill Lynch Index yields that you can chart at this site at the Economic Research Unit of the Federal Bank of St. Louis.

https://research.stlouisfed.org/fred2/categories/32347

Here is the chart for the CCC or below rated yield. over 10 years.

You can see when things move in these markets they move pretty sharply and that's when the train runs through the station. Not quite there yet.

The way I see my investment here in DLS and SXY is purely US oil market macro factor driven. What's happening in the Cooper and else where in Queensland is the side show.

Good luck buddy I think we will do OK in the long run and one of the easiest market plays to read that's come along in a long while.

If those junk bonds explode and the market tanks with them save some powder as DLS and SXY could get a little cheaper before US tight oil comes to an end and the oil price shoots up again.

Eshmun
IMHO DYOR