Natural gas is a volatile commodity. I remain long CHK, recently added to my (small) position because of attractive price level and because over the mid-term, say 18-24 months I believe it will return to close to its previous high. It is apparent that there was some over-expansion, but natural gas is an important component of any hope of energy independence. It makes a hell of a lot more sense to subsidize infrastructure and nat. gas distribution for transportation than to subsidize ethanol.
Chesapeake Bites McLendon [View article]