Replies to post #4046 on The Rising Influence of Rising Affluence

[oldberkeley]

CHK sure looks cheap here in low $21's

LOL. I've been watching it closely since the summer and saying, "It sure looks cheap at $30...It sure looks cheap at $25...It sure looks cheap at $23..."

For them to rebound in the near term, NG prices have to suddenly boom, and why would that happen? Even if we have the mother of all cold waves, there's a tremendous surplus. Their best hope is increased export, but that's going to be a tough sell to Congress.

I know it sound incredible, but this could go to $15.