Chesapeake Energy Corp (CHK)

[OilStockReport]

I'm back in as of today. I think this has great potential for 2011.
I’ve been following this company since at least 2006. The company is a reserve and production growth machine. Really, the only problem the company has had is that it and others have been too successful in increasing natural gas supplies for the United States.

I think this is probably a decent investment if natural gas ranges between $4 and $6 for the next few years. There is potential for a multi-bagger return here if either 1) natural gas moves up into a higher range of $6 to $8 2) Aubrey isn’t blowing smoke about the size of the unconventional oil prize he is amassing.

Given what they did with unconventional natural gas reserves, I’m not sure why I shouldn’t believe that they can do something impress of on the oil/liquids side.

I currently have a very small position. If I get any chance under $20 I will be buying aggressively, and I may do so at these prices as well. Right now I’m just trying to be patient and make sure I’m 100% committed to this investment.

http://seekingalpha.com/article/239500-chesapeake-energy-creating-a-top-10-gas-producer-every-year?