Chesapeake Energy Corp (CHK)

[ogbull]

The U.S. Energy Information Administration (EIA) on Thursday was expected to report a 42-billion-cubic-feet (Bcf) injection for the week that ended July 1, according to a survey of analysts by S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets.

The actual injection was only 33 Bcf, much less than the five-year average of a 77-Bcf build. The below-average build would mark the ninth consecutive week the injection was below historical averages and would continue to cut into and storage surplus going into the heating season starting November 1st, 2016!

We might indeed run out of natgas by March 2017 if we get a cold winner.

This is highly BULLISH but at the moment, the shorts want to deny it and sell natgas short so they can clear their other short positions at reduced prices.

This is pure market manipulation and will not last long because it cost the shorts far too much money!

Just hang on to your shares. $5.00 is not far away!