Replies to post #45860 on Traders Cooperative

[ItsAllCyclical]

I saw the same article when it hit. Seems to me shorts are just looking for any easy targets. They say CHK has a lot of debt and they hit it. In reviewing their presentation looking over their cash flows, hedges and when the debt matures this seems like a no-brainer at these levels. but in this market I'm not ruling out sub $10 at some pt. However a recovery to at least the mid 20's during the next 1-4 weeks seems likely unless of course we have S&P at 500-600 level first. I doubled my position today at 12.5 area. Unfortunately first buys were at 23. I'll double it again sub $10 if seen. They have lots of options to pay down debt w/internal cash flows, asset sales or reduced cap ex.

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Interesting how CHK was often touted as one of the best plays in the sector. This entire market proves that very little good research is disseminated. The big money keeps it to themselves.

Not that we here, didn't make some great calls about the risks in the market ie housing bubble, financials, energy bubble...but as someone here astutely pointed out, it's been very tough to hold a short after the past years of constant PPT (or such) manipulation.


The white man seeks to conquer nature, to bend it to his will and to use it wastefully until it is all gone and then he simply moves on, leaving the waste behind him and looking for new places to take. Chiksika (Kispokotha Shawnee),March 19,1779