Traders Cooperative

[ItsAllCyclical]

I saw the same article when it hit. Seems to me shorts are just looking for any easy targets. They say CHK has a lot of debt and they hit it. In reviewing their presentation looking over their cash flows, hedges and when the debt matures this seems like a no-brainer at these levels. but in this market I'm not ruling out sub $10 at some pt. However a recovery to at least the mid 20's during the next 1-4 weeks seems likely unless of course we have S&P at 500-600 level first. I doubled my position today at 12.5 area. Unfortunately first buys were at 23. I'll double it again sub $10 if seen. They have lots of options to pay down debt w/internal cash flows, asset sales or reduced cap ex.