Chesapeake Energy Corp (CHK): Everything is based on OPEC cutting prod...

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dwms07

Re: FortyNightWave post# 4907

Wednesday, 11/16/2016 3:25:13 PM

Wednesday, November 16, 2016 3:25:13 PM

Everything is based on OPEC cutting production. These guys can be more bullheaded than a real bull! But I don't see them bucking an untested Trump. OPEC should know that he can't back down so early in his administration even if he secretly wanted to. If OPEC don't cut and raise oil to $60 by the time he takes office, he will be likely hit them with a tariff!

OPEC also knows that the US likely has more oil than the entire world put together, so pissing off the US President could crush them!

An American Oil Find That Holds More Than All of OPEC

To tell the truth, with everything going on right now, I'm lost on what oil or gas will do in the next 60 days! I think prices will move up for both oil and gas that's why I'm loading up on CHK! But I still stick to my old call of $7.50 by 15 January.

It is very interesting times right now!