Chesapeake Energy Corp (CHK)

[KING_TRADER$]

Natural gas prices are effected in so many factors: supply/demand, weather disruptions, economic growth, etc. CHK along with other Energy companies in the SPR sector are affected by the oil/natural gas fluctuations. Now, you can not look at it from a daily basis because of day traders/profit takers/etc. In general, if you look at the trend of oil and energy, the LT upticks are taken into effect for the Energy/Oil sector.

Because CHK is at a low PPS now, it is very easily being manipulated by the market. We need to keep in mind that 17% of the share float are shorted. This bear pressure is being placed onto CHK. Once CHK reaches $10+, we shall see blue sky IMO to easily work its way back to the 15s and 20s.

This is the reason why some companies rather have high PPS and low share float. They refuses to split their shares to prevent market manipulation. If the stock pops up, shorts will have huge maintenance call orders to fill.

There's a lot of factors why CHK is not proportionally coordinated with Natural Gas or Oil prices. But I'm seeing it is...again...if you look at 2016 beginning to now and the long trends not short. CHK is in turning mode point, watch for the big reversal to $10-15 in 2017-2018.

GLTYA!