Replies to post #3097 on Detearing Toastmaster of Winning Distressed Stocks

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It's a oil stock and Carl Ichan still holds shares They have Concerns over their cash which is overdone.

They also have a credit facility which they can draw on for about $4B.

Carl Icahn didn't aggressively buy into CHK for nothing. I feel Near term it'll be choppy but this stock could soar if they meet their debt obligations next month which I think they will.

If you hold it long enough without trading it, it can more then double. $6-$8 year end is not out of question. Oil is bottoming. If oil goes to $40-$50 then you have a $8-$10 stock

I did sell GoPro today at $11.50's to buy into CHK today in $1.93's today as it has a much higher upside...