Chesapeake Energy Corp (CHK)

[Couch]

It sounds quite plausible, only question is when will a short term peak in the pps occur between now and May 19th? Might the knowledge of the May 19th issue hold down prices for the entire time from now until then or will we experience a brief rise between now and then.

You understand me correctly - - I don't think the PPS will be held down in April - the potential fly in the ointment is earnings come out May 3. I'm not sure how to play that one........may get out prior to earnings if there is a run up -- and wait to get back in prior to May 25th.

Risky but fun.......

May 3rd - Earnings

May 19 - Shareholders meeting to vote on increasing the share count to 2 Billion - That's a resounding NO on my end.

May 25th OPEC meeting in which Oil Cut extensions are highly likely IMO