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Portguyofva

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Portguyofva

Re: The cook post# 767

Monday, 01/21/2013 8:48:33 AM

Monday, January 21, 2013 8:48:33 AM

Post# of 18930
"Looks like it moves exactly with the price of nat gas"

I have to agree. There has been a close correlation with UNG, but I like the CHK chart/technicals a lot more. Plus the current frigid temperatures are making the fundamentals look good in view of low mining rates and NG storage figures. Next couple of quarters could be good for CHK, especially if the cost of NG continues its up-trend. GLTY!
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