Chesapeake Energy Corp (CHK)

[Wrinkles]

Bought CHK today...think Oil is ready to head for $60/$62 next and pull CHK higher...As far as NG goes, we'll learn a lot tomorrow if NG3.00 holds and we head for $3.30's next, would set CHK on fire with Oil popping also anytime now....

BUT

My only concern is NG $3.00 support holding, cause if it doesn't, look out below and quite possible new NG lows get put in, if that happens, would make it harder for CHK to make a big run.....may even come lower, not sure what percentage of business CHK does, with NG vs Oil.....I'll stop out of my NG plays if 2.995 breaks and wait for a bottom to form OR cross back above NG $3.00 to get back in....