If investors have “reserves” (pun intended) about the amount of oil and gas in the Haynesville Shale, Chesapeake CEO Aubrey McClendon sure isn’t. The man is confident, and has the actions and results to show it.

Chesapeake (CHK) and Plains Exploration (PXP) and Production just entered into Haynesville Shale joint venture to drill some 6,875 wells, estimating the Haynesville Shale to hold 23-44 trillion cubic feat of natural gas equivalent after deducting an assumed 25% average royalty burdened. This is just shortly after McClendon commented at the annual meeting that the Haynesville Shale probably holds more natural gas than anyone expects. Probably as much as the U.S. uses in one whole year. Haynesville is starting to look better and better.

If you believe in McClendon like I do, I’d research the Haynesville Shale as much as I can.  This looks like a real money maker…feels like Texas in the old days, or like being in “There Will be Blood“.  I’ve found a great website to keep tabs on the Haynesville Shale and listed it on SuckingLess.com, my new investors resource site.

Chesapeake has a conference call this morning on the joint venture with Plains.  Be sure to listen in. I know I will.

**Disclosure: I own shares of CHK as of this post. **

As promised, I’ve donated all of the revenues I earned last year from this site though Google Adsense. Thanks to the visitors in 2007, I earned $103.99 from the Google ads on this site.

Tonight, I donated that $103.99 to March of Dimes.

Thanks to all the visitors and supporters of this site.  I know seeing the ads sometimes gets annoying, but I hope knowing that I do put the income from the ads to good use makes them more bearable!  I post to this blog more for myself and keeping my trading thoughts straight, so it wouldn’t be right if I kept any of the money.

However I’m glad some of you have found these posts even remotely helpful to your trading/investing.  Yes, I’d admit half the time I’m not sure if I’m saying the right thing.  Then again, if you’ve got a 50% success rate in this business you’re considered pretty good. As we push on through this recession and this bear market, I hope all this will be a great learning opportunity to become that better of an investor/trader when the bull market does return. I know I’ve learned more in the first quarter than ever.

I will be launching a site I’m making for fun to gather online resources for doing homework on our stocks.  I have registered the name SuckingLess.com for this purpose, so keep an eye out for when I put that up and I hope you’ll all contribute something and help everyone do homework better and faster!  Why call it SuckingLess.com?  Like I said, a 50% success rate in this business is considered pretty good, but that still means half the time we suck!  So, the plan is, if we can help each other do better homework, and suck less, we can make more bling.  Until then, bling bling, and take a look at March of Dimes and make a donation if you can. If you already have a favorite charity, please write in and let me know where to donate my 2008 website earnings!

March of Dimes Mission Statement

“Our mission is to improve the health of babies by preventing birth defects, premature birth, and infant mortality. We carry out this mission through research, community services, education and advocacy to save babies’ lives. March of Dimes researchers, volunteers, educators, outreach workers and advocates work together to give all babies a fighting chance against the threats to their health: prematurity, birth defects, low birthweight.”

Ain’t nothing to it! I lost my voice screaming anyway, but it didn’t measure up to little Kaya’s “Julia!” “Julia!” Official and candid photos will be up on Julia’s site soon! It was a great trip before she won, now it’s just undescribeably fantastic. Thanks Jules for letting us be such a big part of this whole weekend. Your whole family and everyone we met in Utah is just amazing.

Utah ’till Monday!  Going to the Miss Utah USA pageant to fan Julia’s flame! (and fame!)…hang out with Julia, her family, and Diana!  Best weekend ever?  It will be!  The most anticipated event of the year is here.  And no, it’s not because that rhymed.