WildcatDriller: I don't know how old you are but I venture to say that I been investing in oil and gas since before you were born! I'm 75 years old and bought my first oil stock in 1968. I started daytrading the oil patch online in 1993. I bought RIG in 1995 at $15 and sold it in 2007 for $125.00 per share. I've made millions betting heavy on a beaten down energy stock when everyone else was selling. I'll tell you first hand, if you wanted get rich, buy beaten down high-flying energy stocks. This business is BOOM or BUST. We are just now coming out of the BUST. When the BOOM gets rolling, CHK will fly high. I see $30 in 2 years!
No one knows for sure which way oil and gas prices will run, yet you say that you will bet anyone that oil will see 35.00 a barrel or lower before we see 75.00 and that nat gas will return earlier this year to 1.60ish.
Your bet that oil will fall $10 before it jumps $30 is not a fair bet. A fair bet would be $30 down or $30 up. You also say that NatGas will drop to $1.60 "early this year." "Early this year" has already come and gone.
Are you okay, son? You're not making a lot of sense.
Then, you say that "natural gas will top out at around 2.40 and oil around the 52.00 mark." Come on now... You not doing too well. If NatGas is gonna hit $1.60 early this year, how do you figure it will top out at $2.40? You need to see a doctor -- your brain is misfiring.
And you say that this is "why hedges are being added in an aggressive manner." So if hedges are being added, why should CHK longs worry?
You also asked: "Did anyone notice the triangle that is almost complete on the 15 min chart?" What 15 min chart you talking about? Son, you are either sick, drunk or drugged out.
You also say you talk to Chesapeake management on a daily basis but everything else you said is nutty so I just don't believe one word!
I'm not trying to shoot you down. You've done a good job of doing that on your own. I'm just worried about your health. Get a check up before you lose all your money.
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