Chesapeake Energy Corp (CHK)

[ogbull]

We did great Friday!

The worst case scenario we just experience revealed strong buying support at $4.35! I see no reason why we will not remain at or above that support level over the next few weeks.

I also see the possible breakup of the EU as more countries will seek their freedom. The EU has dragged down our recovery and has hurt Europe in general. The problem is very simple. Humans want to live with their own clan; they do not want to live in a mixing bowl. We do respect the rights of others, but deep inside most of us want to live with our own gene base.

It takes many decades for one clan to grow accustom to a different clan.

Bottomline is that Donald Trump is right--people want to take their country back. He has also pledged to build the US oil and gas industry. His main theme here in ENERGY INDEPENDENCE! This specifically means slapping an import tax on all OPEC oil and gas and likely on all Chinese imports! America first... to hell with others!

So what does this mean to us as Chesapeake longs? It means we are invested in an American company supplying an American commodity sold mostly in America that has very little foreign competition. Furthermore, since our product is a necessity and not a luxury, we really don't need to worry about our customers tightening their belts. If they don't buy natgas, they will either freeze to death or have a heat stroke!

And, most of our production is hedged at profitable prices!

My crystal ball does not allow me to look more than a few months into the future so we still have to worry about such things as the weather, hurricanes, snow storms, our company's management team, and the disaster that Lying Hillary might win in November.

She has pledged to end fracking and put the American energy industry out of business. She has accepted many millions from OPEC countries simply because she PROMISED to destroy our ENERGY INDEPENDENCE. Her election will kill Chesapeake Energy so keep your finger near the sell button in October!

Other than that, I believe we have survived the worst possible scenario and will do just fine going forward.

Just don't let your guard down until we get to $10, then put in a protect sell order and start looking for a place to retire because $30 will not be far away. Natural Gas is the fuel of the future!