Chesapeake Energy Corp (CHK)

[researcher59]

Oil is now at $56/bbl, the highest since July 2015, and NG is $3.06/mcf despite 2 consecutive warm winters. This bodes well for stronger earnings and better cash flows in coming quarters.

I think the stock is oversold in the mid $3's and my price target is $5 for 6 to 12 months out.

As for the winter weather forecast, the NWS is calling for above normal temps, but LESS warm than the past 2 winters. We'll see how it plays out ....