Chesapeake Energy: Marcellus Shale JV in Question [View article]
CHK is a good solid company with a forward thinking management. Watch them try to push exporting NatGas.... They can beat our US prices by a mile. Aubrey has broached this subject many times.
The reasons the stock tanked are; The market stinks, energy prices are bottoming, demand for NatGas in the US is low as we have not had any major weather conditions, and because Aubrey had to cash in his massive CHK stock holdings to pay a margin call. See! Even the big boys get stuck when credit is unavailable....
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CHK is a good solid company with a forward thinking management. Watch them try to push exporting NatGas.... They can beat our US prices by a mile. Aubrey has broached this subject many times.
Oct 30 13:33 pm
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All Comments by Urbane Gorilla! »Chesapeake Energy: Marcellus Shale JV in Question [View article]
The reasons the stock tanked are; The market stinks, energy prices are bottoming, demand for NatGas in the US is low as we have not had any major weather conditions, and because Aubrey had to cash in his massive CHK stock holdings to pay a margin call. See! Even the big boys get stuck when credit is unavailable....
Resistance at around $18 ... Then sit on it.
jegan ;-)