CHK - Chesapeake Energy Corporation - Page 38

You realize its doing significantly better because they have sold off assets right? Natural gas prices are relatively flat over the past six months.
 

Quote:

Originally Posted by Mr. Mac 

I've been saying this stock was gonna be going up for months and that's when it was around $21 or below... people were hating but I don't hear them anymore.  Any dissenters?  

Ok, so what would you do.. buy, sell or hold?  

Do you think you would only buy if you felt nat gas prices were going up?  

CHK is like 90%+ natural gas. So ya if i thought natural gas prices were going to remain flat or go down i personally wouldnt want anything to do with it. Not like this company is making money off oil services or crude like other quality names such as Apache/Devon Energy/Occidental
 

Quote:

Originally Posted by Mr. Mac 

Ok, so what would you do.. buy, sell or hold?  

 

Do you think you would only buy if you felt nat gas prices were going up?  

I'm aware they're natural gas.  So what would make you believe that nat gas was going up or what would make you believe that it is going down?  What event or information would make you feel better about investing in this company or any natural gas company for that matter?

supply/demand. Supply is overwhelming and the price is reflecting that. Natural gas would have to come into favour for me to own this for more than a quick trade. Id rather own oil/gas/services companies than just pure gas.

What do you like so much about this company?

Well, if nat gas comes into favor the price should reflect that change... If nat gas is out of favor, like it is now, CHK should be a depressed stock.  Buying or holding the stock when nat gas is not booming gives me a large margin to have a gain if nat gas does come into favor.  If I buy or hold when nat gas is booming I have a lower margin of gaining a profit; everyone would be jumping in.  Maybe I'm a contrarian... 

At a price in the low twenties the stock seemed undervalued.  The book value was inline with the market cap and I felt that if the company could stay out of the red for a year the price would appreciate at least above $27-28 (That was its basic resistance).  I will start to seriously think about selling if it hits a market cap around 25B.

whats everyone thinking here... im watching, looking for a good entry. just not sure when and where is the right time....? support seems to be within a buck or 2, and seems like everyones predicting good things and saying its a buy. any thoughts?  

I'm looking for an energy play - right now I'm looking at CHK and DO.  Any thoughts on which one might be a better long term play?  Thanks.

Chesapeake Energy Corporation 

(Public, NYSE:CHK)

CHK

Diamond Offshore Drilling, Inc. 

(Public, NYSE:DO)

DO  

i wonder how much lower this will go........ still looking for a good entry point

Chesapeake (CHK) estimates were lowered at UBS through 2012 on production sold for less than expected. Maintain $34 price target and neutral rating.

Any thoughts on CHK now? Broke the upper channel line pretty easy, where do you guys think this stock will go.  Utica Shale area worth $15-20 billion. 

http://investing.businessweek.com/research/stocks/news/article.asp?docKey=600-201107291100DOWJONESENRGYSVC001965-1&params=timestamp%7C%7C07/29/2011%2011:00%20AM%20ET%7C%7Cheadline%7C%7CChesapeake%20CEO%3A%20Utica%20Shale%20Acres%20Worth%20%2415%20Bln-%2420%20Bln%7C%7CdocSource%7C%7CDow%20Jones%20and%20Company%2C%20Inc.%7C%7Cprovider%7C%7CACQUIREMEDIA%7C%7Cbridgesymbol%7C%7CUS;CHK&ticker=CHK:US

CHK is one of the leading oil stocks on my screen, this and RRC, SUN and APC are getting a lot of buyers today

I've spent my evening doing research on this stock, and I think they are a very, very good long-term buy. By long-term, I mean 10+ years.

CHK trying to get some traction here, its been a rough sell off, but +2% today

Chesapeake Energy (CHK) upgraded at Wells to Outperform. Utica and liquids business should continue to drive growth.
 

Rockin nicely late in the day here running into earnings.  On good numbers I think we could see a 5% pop in this one.  Running Towards $29 as a type this!

Blew thru that $29 level and now running at $29.25

down 6%...man..this looks too good to buy here!!

(and i hate nat gas!!)

anyone know why the massive sell off?

im thinking about putting a limit buy in around the 25-26 range..........