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Hedge fund manager Mohnish Pabrai nearly tripled his holdings of Chesapeake Energy (CHK +1.5%)...
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Tuesday, November 13, 2012, 2:11 PM ETHedge fund manager Mohnish Pabrai nearly tripled his holdings of Chesapeake Energy (CHK +1.5%) during Q3 and now owns nearly 3M shares of the embattled company. His purchase prices were in the $16.83-$20.52 range, with an estimated average price of $19.08.
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This stock, it is only a matter of time, will hit $30 a share. The big boys are lining up to buy a GOOD DEAL right now and everyone's 401(k) is benefiting from their action and the future.
May take several years but worth the wait as America because world leader in oil & gas production and a GREAT way to payoff our national debt!!!! Now it is our turn to "barter" with the world for something no country can live without, ENERGY!!!
Republicans blocked the self-funded Pickens' Plan five (5) times which would have made the U.S. free of imports, created 3 million jobs, reduced the deficit by $250 billion per year, stopped sending $500 billion per year to OPEC, introduced $800 billion in domestic spending, and brought down the cost of gasoline for nat gas to $1.50 per gallon equivalent.
The fact that the U.S. flares off more gas than is used, the BTU equivalent of current oil imports, the U.S. could already be OPEC-free.
The EPA did nothing wrong, but the Republican minority who blocked legislation that made 3 million people remain out of work so one man would lose his job.