Chesapeake Energy Corp (CHK)

[ogbull]

I see buy signals everywhere all saying the week will be up as you suggest.

The daytime temperatures are turning up. Weather forecast calling for hot humid summers. Hurricanes are already hitting South Carolina. The GOM is next. Lots of soaking rain and floods all through Texas and Oklahoma will slow oil field activities and bring down production.

Heat will increase power demand. We might see $4 MMBtu by January 2017 if the summer pulls down storage and we have an average winter. Storage is the key. If we go into winter with low storage, we will be in great shape for the next two years.

Looking positive for oil and gas prices.