Crude Stocks up @ 5.8 million barrels. Gasoline up @ 1.88 million barrels. Still the big story to day is the OPEC and Trump interaction. Also the trade problems are back in play; but to a lesser extent than they were before. $CHK, $EOG, $CLR.
    Reply
    39.3 million Americans are expected to travel this Memorial day weekend. That should be bullish for both oil and gasoline. Bullish for oil stocks such as $CHK, $EOG, $CLR.
    Reply
    Lots of talk on oil today. The general feeling seems to be that the Saudis want it to go up at least partly to help the Saudi Aramco IPO be valued higher. It looks like oil may recover despite Trump's request. This should be bullish for $CHK eventually. Natural gas is up slightly, even though the market is down -- bullish. Other oil stocks that should do well are $CLR and $EOG, etc.
    Reply
    Hamm said high 70$ to 80 this morning..
    Oil seems to be slowly catching a bid today. We'll hope it holds (and perhaps goes up). That would be good for $CHK. It should then at least consolidate. It should have more good news in its Q2 report in early August. Natgas is also up slightly. That is bullish for big natgas producer $CHK.
    Reply
    $CHK recieved very good news today with the EIA noting a tightening natgas market. The EIA cited 4% greater use for air conditioning / power generation week over week. It cited flat production. Don't forget we are going to see increasingly more LNG exported and more natgas go to Mexico via pipelines. Natgas is currently at about $2.90/mmbtu. This is up considerably from yesterday's about $2.82/mmbtu. Oil is up today too. The combination is extremely bullish for $CHK. It allows for still more near term upside. However, at some point the stock will likely wait for the Q2 earnings report good news. In other words it will have to consolidate gains. I won't try to predict the exact behavior of the stock. It could easily reach $10+/share by the end of 2018.
    Reply
    So much for the blow off top in $CHK that an SA editor called. $CHK was up over 13% today alone. This means it has broken through overhead resistance at about $4.28/share. Technically it can run up some more. Investors can also look forward to good to great Q2 2018 results in early August, when CHK reports. The average oil price in Q2 2018 will likely have been $5+/barrel higher than in Q1 2018. Then too the big short squeeze hasn't really happened yet. The run up has been mostly just people interested in investing in $CHK. Eventually there will be mass short covering. Then we'll get the BIG POP UPWARD.
    Reply
    ***********
    Weekend Research | Includes: $MU $AMAT $AMD / $ABEV $BUD $TAP / $CLF $FCX $CHK
    ***********
    http://bit.ly/2IVnC7A
    Reply
    Long $BUD $TAP
    Sherpa guides are big fans of Malt Liquor, one of several reasons I am long those stocks.
    The good news for $CHK investors is that today's morning high of $4.49/share was far above the near term overhead resistance. If oil prices stay stable or go up, $CHK should easily move considerably beyond its near term overhead resistance of about $4.28/share. Failing to break dramatically higher after a big run up seems normal. The fact that a high above the near term resistance was reached is very bullish.
    Reply
    WTI averaged about 62.88/barrel in Q1 2018. The average will be probably at least +$5/barrel more in Q2 2018. That should translate into higher profits for $CHK in Q2 2018. $CHK should report in early August. If greater profits are to come soon, shorters will have to get out of the way. Or they will get buried.
    Reply
    We have not gotten the $CHK short squeeze yet even as oil prices have risen. $CHK is a true turn around story. Future earnings releases should bear this out, especially if oil prices continue to go higher. Since short interest has actually gone up a little recently to 21.81% of the float, we may see a far bigger up move when at least some shorters capitulate, if oil prices and the stock price continue to rise. In other words, the best is likely yet to come for $CHK. YEAH!
    Reply
    Don't forget hurricane season starts June 1; and the summer driving season traditionally starts on Memorial Day. That's without even factoring any new Iran sanctions.
    An SA editor apparently has tried to say/imply that $CHK had a blow off top today. This is unlikely to be true. It is far under valued by many measures at today's oil prices. Many are predicting oil prices to go higher near term. If they do, $CHK will surely go higher. Otherwise $CHK remains a growth oil stock as long as prices remain above $55/barrel. CHK will remain profitable with oil above $40 or so according to its most recent documentation. CHK has gotten a lot more efficient with money and time in recent years. Plus its relatively young Powder River Basin field is proving to be great; and CHK has not even begun to tap its truly great stacked resources yet. Then too CHK still has far too much short interest for people to stop buying at this point. In other words, unless oil starts falling dramatically, CHK should continue to go up to at least $10/share by year end. It has much higher upside longer term. It may have higher upside shorter term. However, it may need to produce any number of further good to great quarters to get everyone to believe that.
    Reply
    WTI crude is currently above $72/barrel. This should be very bullish for oil equities in Thursday's market. Some of the leading risers are $EOG, $CLR, and $CHK. $CHK has huge short interest. Hence it is twice as likely to rise when oil prices go up.
    Reply
    Is anyone Trimming their long position in $CHK?? seems like it always drops just as big as it goes up?
    Reply
    $CHK is a bargain stock at $50/barrel oil. $CHK is a MONSTER bargain at $70/barrel oil.
    Reply
    trader57
    15 May
    It's in an uptrend right now. Just trade the chart and let the market tell you how high it's going to go.
    $CHK deserves to be up today; and it is. However, that it is UP on a big DOWN DAY indicates that SHORTS are likely using the down day to exit their positions. This is a very bullish sign for CHK. There was still about 20% short interest last I looked. That should translate into a lot of upside movement as those shorts are unwound. Then too a lot of people will buy this bargain priced stock as oil prices rise.
    Reply
    $CHK still on the upswing. TTM PE of only 3.35. Plus substantial better replacement quarters likely in line for Q2, and Q3. Higher oil prices also means further improvements in quarters after Q3. That means the PE is going still lower. Plus the value of CHK's assets really goes far higher as the price of oil goes up. EOG has PE of 21.31 by comparison. It does have less debt. Still the higher oil goes; the less of a problem CHK's debt is. Further it will also be easier to pay the debt off, especially with CHK's continued efficiency improvements and cost containment improvements. CHK is looking good; and there seems a lot more upside to come.
    Reply
    $CHK continuing run. Sell at 5.00.
    Reply
    I should have mentioned that the TTM PE (from TD Ameritrade) for $CHK is 3.05. This leaves a lot of room for stock price growth to the upside. Also the last two quarters have been substantially better in EPS terms. That means is should go lower by just replacing the next two quarters with better results. Further with oil prices trending upward, even the EPS of the last two quarters should rise. FCF has also been rising greatly. The Turn around story on CHK looks good. CHK is also one of the most cost efficient and technically expert drillers, etc.
    Reply
    $CHK seems to have caught fire as oil has risen lately. It should do far better with higher oil prices. It has a lot more upside. If there is no recession / bear market, it could reach $30/share within 2-3 years. It was at $3.30 last I looked. Also it was highly shorted last I looked. That means there is high potential for a sustained short squeeze. Remember Summer driving season is coming up. Hurricane season starts June 1. Trump did just pull out of the Iran deal on Nukes. He will be re-instating sanctions. There are hints of possible war.
    Reply
    Oil is over $70/barrel today at $70.53 on CNBC. This is a buy sign for many oil companies especially ones with heavy debt like $CHK. CHK is also a turn around story, so it's a good time to buy it. Don't forget the Iran deal may fall through soon (nukes). Plus summer driving season is coming; and hurricane season starts June 1.
    Reply
    $CHK popped a bit on earnings; but it has fallen back. Energy prices are still down a bit. If you believe in this market at all, CHK is probably still a good bet. The short sellers may be trying to induce fear. However, there will likely be analysts upgrades in the next week after another good quarter. Also Trump may walk away from the Iran deal. That'll likely push oil prices up more.
    Reply
    $CHK got hurt a bit today on an article that said there were some production problems in Q1. This has been known. What also is known is that oil profits have been the fuel for CHK's increased profitability recently. That should be even more the case with still increased oil prices in Q1 2018. CHK should still do good to great on earnings. Plus the outlook for the rest of the year should be improved with the now higher oil prices. With the summer driving season and hurricane season coming up, this is that much more true.
    Reply
    The production problems were supposed to have been weather related. They are expected to be resolved going forward. That is just another reason for optimism.
    Don't forget that the hurricane season and the summer driving season are coming up. Also with more electrical plants being driven by natgas, the summer cooling season is probably more important.$CHK
    Reply
    $CHK is heavily shorted. It is likely to report good to great earnings for a second time in a row (Q4 were good to great). This is likely to be enough to unwind much of the short interest; and it should cause some buying. It should cause some analyst upgrades. All told there could be a good pop in the stock on the May 2, 2018 earnings report for Q1 2018.
    Reply
    View thread (2)
    David, if you edit your stocktalk to add a $ before CHK, it will come up on the CHK quote page here: http://bit.ly/2KjrCN6
    $CHK Posts Concrete Info Regarding Its PRB Position, A Prime JV Target https://seekingalpha.com/a/2h6ep $DVN & $EOG also in play to the North
    Reply
    10 Moves for Tuesday: $MU $VRX $SQ $F $CHK $QCOM $SNAP ---
    http://bit.ly/2BhVOpu
    Reply
    View thread (5)
    Me XMan
    6 Mar
    I'm done playing VRX. Holding ENDP MNK. They're going to make me money in '18 just like VRX in '17.