Chesapeake Energy Corp (CHK)

[KING_TRADER$]

BUY/HOLD recommended for CHK. With Crude Oil stabilizing in the $55-$60 in January, this means more profits for the Energy sector. CHK with be in the $10 in 2017. Mark this post.

It's no wonder Archie W. Dunham loaded 1,000,000 shares of CHK on 09/20/2016 @ 6.67 a share worth 6.67m. This is confidence of the company's profitability and outlook.

Shares shorted for CHK is 17% of float which is standing at 137m. OPEC/Russia is showing signs of reducing oil pumping. More profits is coming. IMO>

These U.S. oil stocks are soaring after OPEC’s cut — and more gains are on the way

http://www.marketwatch.com/story/these-us-oil-stocks-are-soaring-after-opecs-cut-and-more-gains-are-on-the-way-2016-11-30

When CHK goes to $10+ you will see hedge funds and big shorts covering their positions. Maintenance calls will be issued and watch the big blow out for big shorts. CHK is undervalue due to shorts.

GLTYA!