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My 2018 prediction of 5.50 to 6.25 is looking better.
Everything is looking up except for the price.
Evidently City Bank doesn't know that CHK also sells oil and that oil prices are up. Also, their downgraded gas price is still above what CHK needs to make a profit.
Last quarter results were good. This quarter results should be even better.
I'd be happy with $5.00
As long as Oil stays above $60 and Gas above $2.60, I still see $5.25 to $6.25 per share by years end.
Until gas prices reach #2.50 CHK is still making a profit and the profit on oil is well over 50% which is excellent. I don't know why anyone would downgrade CHK when it's doing well.
A lot more insider buying. What happens now.
3/13-14-15 no new messages? That's odd.
Profits are up, Debt is going down. Looks a lot better today than it did a while ago.
With CHK oil cost at $40 per bbl and a market price of over $60, profits are pretty good. I see their finances on the up swing.
Don't know about the stock prices but the companies are making plenty of profits. I still believe CHK will see between 5.75 and 6.25 by years end, maybe sooner.
Gas and Oil hedging looking real good for the future.
I think 5.75 to 6.25 is possible by the end of 2018.
I see a lot of insider buying going on.
I wish I could buy 5 million for 5 dollars. At that price I'd buy 100 million just for a gamble.
Gas cost is about 2.50 and oil at 40.00 per barrel
To pay 5 to 7 dollars for a trade worth less than a penny isn't a very good trade in my book. EMLL may come back to life in the future but in the meantime I'd rather give my money away to someone who could use it rather than a well to do broker.
With present profits between 35 and 40% you would think the stock price would go up, not down.
With oil prices up their income should have been up also. What gives with this company? Every other oil company is making a profit. I bought in at 7 bucks when the analysts said it was going to go up to 10. Now look at it, under 4 and I'm down more than 40 grand. Can't afford to sell down here. Sure hope it turns around in the future.
Oil profitable over 40 and gas over 2.50 along with lowering costs should mean stability. Along with paying down debt should warrant an upgrade.
Insider bought 25K shares Friday. I hope this is the bottom.
Insiders buying today. I'm picking up another 5,000 shares first thing tomorrow. Good luck to all.
Yesterday I had 2,500 shares @1.70 worth $4,250.00. Today I have 625 shares @ 2.17 worth $ 1,356.00. Looks like DRYS strikes again.
I doubled my position today at a lower price than the insiders paid and quite pleased. It being my opinion, I expect to gain at least 35% by years end. If gains go higher than that before, I might sell some earlier.
More insiders just bought a lot of stock. I think a buy out may ben in the cards for the near future. Come Monday I'm going to double my position here. Good luck.
It's poor business to increase production at lower prices. The US oil companies are hanging themselves with their own rope.
Insider buys 50,000 shares filed 03/03/17
I've had a buy in at 5.90 for two weeks. Looks like I'm going to get it. With a good report tomorrow, I should be able to make a couple grand by noon tomorrow.
With all this positive news, why is the price not rising?
Thinking about adding to my position. The only thing holding me back is thinking about what Trump will do next.
63% of gas hedged at 3.07 which has a .47 cent profit and the remaining 37% is sold at market or about an .87 cent profit. As for oil, 50% is hedged at $49.68 per barrel with about a $9.00 profit the remaining 50% sold at market price of about $52.00 or a profit of about $11.00 per barrel. CHK presently puts out about 600,000 barrels of oil per day. Now you do the math and figure out if it has turned into a profitable company or not.
I watch the wholesale gas and oil prices on a daily basis. CHK's costs for gas is $2.60 per therm and oil cost is $ 40.00 per barrel. Everything above that is net income. This should be one of their best quarters in a long time.
With oil and gas prices continuing to climb you would think CHK stock price would be in the eight dollar range.
That doesn't answer how anyone is able to buy or sell in the 5 digit space when stocks are limited to 4 digits. Can you answer that? PS. the pump has been coming here for years. I had a lot less gray hair when I originally bought EMLL.
How is it possible for anyone to buy or sell below .0001? That's what's happening here.
Oil prices are up and while natural gas prices are down, it is still way up from what it was a few seeks ago. This stock price should not be going down.
Nice 16K profit this time. Now I wait for someone to break the agreement and when the oil prices go back down, so will the price of CHK, at which time I will buy back in again and play the waiting game all over again. Good luck.
Why is CHK price down with oil up?
Third quarter results to come out tomorrow morning. Keep your fingers crossed it's a good one.