Chesapeake Energy Corp (CHK)

[Portguyofva]

Jett,
Great post. I agree with your conclusion with exception of 16 target. I think the bottom at the 50 dma (~17.18) is pretty solid with the recent accumulation/distribution. I will be a big buyer of CHK call leaps if we get back to 16 to 17 area.

The long-term success of the US economy is dependent on NG and IMO we are already late in transitioning. Hopefully our politicians wake-up and avoid a crisis. Time is our friend with a company like CHK, which is why I like the leaps. GLTY!