tonyinbrazil

Loss of Clarity on Chesapeake's Peak

Sure there might be some downside due to profit-taking or other motives, but shorting CHK would constitute near insanity. With even the slightest bit of good news (e.g. Haynesville blowout numbers, earnings, NG futures surging, tropical storms, etc., etc.) shorts will get burned... badly.

Look... there's just no way CEO McClendon is buying up shares in the open market on a whim and a prayer. This guy is pretty much universally considered one of the best CEOs in the country. He knows what he's doing.

Hence... all the recent capitalization activity (partnering up and selling off) along with McClendon's buying up large quantities of shares should tell you the Haynesville find is going to be HUGE.

Natural gas is a winner and CHK is atop the heap.

Patience on the part of longs is in order here; shorts are fully justified in any nervousness they should be feeling.

JMHO