Chesapeake Energy Corp (CHK)

[ogbull]

CHK still has good upside potential! Maybe another 8% day.

When CHK mpves above $5.00, it will ramp up quickly to $6.50 because most brokers will not margin below $5 per share.

Yesterday's volume was 46,463,206 closing up 7.41% at $4.35 -- this was not the volume I hoped for but it was much above the 10 days average.

NatGas is down to $1.96 for two reasons: (a) I think the price is being run down on purpose by shorts hoping for a negative report today, and (b) because traders expects storage to climb because this is the lowest demand month of the year. The EIA will release the news today at $10:30 AM. I really don't what to expect this week. Be sure to keep you eye on NatGas prices. Some quick moves will likely occurred. My best "guess" is a quick dip down and return to $2.00. You might get a good buying opportunity at 10:31 but it will not last long. I wish I had some dry powder; I would buy UNG

But the ten-day weather forecast looks bullish. Lots of hot days. Phoenix has many days over 100 with one hitting 106.

https://weather.com/maps/tendayforecast