Oil is now at $56/bbl, the highest since July 2015, and NG is $3.06/mcf despite 2 consecutive warm winters. This bodes well for stronger earnings and better cash flows in coming quarters.
I think the stock is oversold in the mid $3's and my price target is $5 for 6 to 12 months out.
As for the winter weather forecast, the NWS is calling for above normal temps, but LESS warm than the past 2 winters. We'll see how it plays out ....
CHK +.40 to 4.14 .... having a great day, confirming my view that it was an excellent long term buy in the $3's. My 6 to 12 month price target of $5 may prove too conservative.
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