Chesapeake Energy Corp (CHK)

[dwms07]

You are right! That's why CHK is a manipulators dream come true. And management just don't give a shit. If we get some kind of downturn in the overall economy, this big ball of debt could crash back down to $1.50 and then go BK! Debt to equity is a whopping 814%. In other words, CHK owes 8 times more than it is worth. They supposedly have 6 million acres of drilling rights, but for some strange reason, the value of this acreage does not appear on their balance sheet.

That's exactly why over a million shares are short!

If anyone of this board had any sense they would see that it is time to run. The make matters even worse, the oil and gas sector is the most manipulated of all.

Damn, what an idiot I was to hang on so long! I should know better!

But maybe this stock will survive but it needs to get above $10 and hold before I consider a long position!