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Chesapeake Energy (CHK +1.5%) shares spike higher on heavy volume after news of J.P. Morgan's...

Chesapeake Energy (CHK +1.5%) shares spike higher on heavy volume after news of J.P. Morgan's two-notch upgrade to Overweight from Underweight.
Comments (11)
  • westelk
    , contributor
    Comments (239) | Send Message
     
    In other words, JPM has a large inventory of CHK stock they wish to unload.
    9 Jan 2013, 03:52 PM Reply Like
  • Festivus
    , contributor
    Comments (67) | Send Message
     
    Overweight with debt.
    9 Jan 2013, 03:59 PM Reply Like
  • Factzplz
    , contributor
    Comments (226) | Send Message
     
    Finally, JPM covered all the shorts it put on for clients, and now that they are flush, they can go long and take CHK back to where it should be trading before the smear campaign of lies and innuendo.

     

    Nobody has ever accused Wall Street or JPM of being honest or ethical.
    9 Jan 2013, 04:02 PM Reply Like
  • papayamon
    , contributor
    Comments (1110) | Send Message
     
    long 3500 shares of chk. $25 or bust!
    9 Jan 2013, 04:19 PM Reply Like
  • Noquiche
    , contributor
    Comments (198) | Send Message
     
    30 would be better!
    9 Jan 2013, 04:29 PM Reply Like
  • papayamon
    , contributor
    Comments (1110) | Send Message
     
    heck, why stop there? let's go 35!
    9 Jan 2013, 06:02 PM Reply Like
  • auto44
    , contributor
    Comments (3008) | Send Message
     
    A person should either see value in a stock or stay away. All this analyst yada yada. What changed yesterday that made the stock a different value from say a year ago. A little AM hand slapping doesn't change the value all that much. The value always was and will always be the value of the assets in the ground. Corporate governance Uh, not so much.
    9 Jan 2013, 04:26 PM Reply Like
  • Remyngton
    , contributor
    Comments (354) | Send Message
     
    late on this call
    9 Jan 2013, 04:30 PM Reply Like
  • papayamon
    , contributor
    Comments (1110) | Send Message
     
    there is no doubt that governance is improving. the larger shareholders are insuring that.

     

    AM was great for starting up CHK. monetizing the mature company, he's been not so good. it's proving impossible to dislodge him. effectively limiting him is the next best thing and over time will improve the value of the stock.

     

    it's not that AM hasn't always been a bit of an assclown. it's in his DNA. while the fundamentals of NG were so overwhelming at high prices, it was masked. now that NG is depressed, CHK has suffered disproportionately. however, there are untold billions moving in the background to get at the economy offered by NG vs oil. in a few years, we'll see 5-6 NG prices, and along with rapid expansion of oil, and CHK is a very good bet.

     

    really, i think this is worth a minimum of $30 per share, even after you discount the past AM shenanigans - if the focus is where icahn and southeastern want to take it. clearly they are going to win.
    9 Jan 2013, 04:56 PM Reply Like
  • jake7
    , contributor
    Comments (31) | Send Message
     
    get rid of AM and the stock pops $5
    9 Jan 2013, 05:13 PM Reply Like
  • Buck Woodford
    , contributor
    Comments (5) | Send Message
     
    this is fishy. I'll add to short if it starts trading back down thru 16.50.
    9 Jan 2013, 05:49 PM Reply Like
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