Chesapeake Energy Corp (CHK)

[KING_TRADER$]

CHK is showing oversold. Archie Dunham brought 1 mil of CHK shares at $6.67. He's showing strong confidence in the company and we should pay attention.

These drops are low volume if you noticed due to short interest in the making. I would focus on CHK's Feb 23 earnings and outlook. What CEO/management's plan for the 2017. 2016 was a success with reduce debt/sale non-core assets/cost cut etc to off set the downfall of oil/energy commodity. With OPEC and oil price stabilizing in the $55-60, and as long as Energy commodity stabilize in the $3.20+ ranges, CHK will be showing profits. Any movements in these fields will make significant impacts for CHK.

The wild card would be TRUMP's policy on U.S. shale/international trade because currently Mexico is a strong Natural Gas importer country. These oil/energy companies are all depended on the commodity.

I'm seeing a recovering coming. IMO. Stay strong and trust your due diligence. GLTYA!