I've been following the election closely for two years. For the most part, politics is a hobby of mine, but in this year's election my interest went much deeper.
I recognized very early that the 2008 vote would be monumental on so many levels and investment opportunities would abound. I even outlined the impact of the policies of each candidate on the market in an election gallery.
Now that the results are in with the Democrats taking significant control of the executive and legislative branches, I want to drill d
"Oil stocks have been hinting at a rebound; as much as I think that crude oil is oversold, natural gas looks even cheaper," says Charles Payne.
The editor of WStreet Strategies explains, "Natural gas has a propensity to become oversold, and this is one of those instances." Here, the advisor reviews a pair of favorites in the sector.
"Natural gas is at April 2005 levels, the economy will drift but it's not going to roll back to levels of three years ago.
I am reversing my early sell on CHK and now rating CHK a buy. There are a number of reasons. The first and foremost being their new gas discoveries. These deposits were found several months ago but I felt the market would not be able to hold the gains it made given the decline in oil prices. I now feel oil prices will likely move higher in the near term especially if we get a decline in the dollar which I am also predicting.
CHK's discovery is possibly the largest gas discovery in history. If the country starts moving to shift its auto fuel to CNG CHK will have superb positionin...
To say that trading energy stocks has been difficult in recent months is a major understatement. When you see that even an industry giant like Chesapeake Energy Corp. (CHK) lost money in its hedging activities, you know that trading activity during the last quarter was extremely wild.
At Friday’s closing price of $48.40, Chesapeake Energy shares are down 35% from their 12-month high of $74. But the cause is clear.
In his WStreet Market Commentary, he explains, " The company involved in the super exciting Haynesville shale region, which could be one of the largest domestic on shore natural gas fields ever."
"The stock has been coming on lately as more investors learn about the company's potential in the Haynesville shale region.
"Discovered in March of this year, the Haynesville field -
The attacks on T. Boone Pickens' plans -- everything from his integrity and self-interest to his quixotic nature -- as Jim Cramer says, "just makes no sense whatsoever. They hold no water at all.
They are just wrong and misguided. The people against him, the ones that call him a dreamer, are the ones who have done no homework and are deeply cynical. And if they don't keep their mouths shut, we will forever be addicted to foreign oil."
Ummm... since the quarter ended they've made $5 billion in hedges. Yes... with a B. So those unrealized losses last quarter turned out to be a pretty smart investment that I don't think people realize when they trade this with oil (which they do instead of nat gas... oddly enough). Oil going down may lose them millions this month, but it makes billions... I love Aubrey.
Still like CHK... CHK enjoys strong upside potential from its new Haynesville shale production along with increased production in its TX shales. This is also coupled with a new stage in higher long-term nat gas prices.
Short -term trade, or if you are a long term holder, a nice place to add to your long position. There is definetely some consolidation affect taking place so CHK will probably not attempt at old highs anytime soon. This is a good correction for natural gas as it builds a better base for higher prices. Natural Gas and CHK are in accumulation.
The Haynesville Shale appears to be the next platform for stock growth. With so few options in this market for growth, without agricultural plays such as (POT) and (IPI), the energy market looks primed for growth through the end of the year. Also, if you think that OPEC will help us, you are sadly mistaken. Since they have had low prices for so long OPEC will keep them up for as long as the US market doesn't belly flop. This is an interesting time for our economy but luckily
Chesapeake Energy Corporation, an oil and natural gas exploration and production company, engages in the acquisition, exploration, and development of properties for the production of crude oil and natural gas from underground reservoirs. It also markets natural gas and oil for other working interest owners in properties it operate. The company’s properties are located in Oklahoma, Texas, Alabama, Arkansas, Louisiana, Kansas, Montana, Colorado, North Dakota, Nebraska, New Mexico, West Virginia, Kentucky, Ohio, New York, Maryland, Michigan, Mississippi, Pennsylvania, Tennessee, Utah, Virgini
I like CHK... they have a cool name... Chesapeake. Chesapeake is driving up production with its Haynesville shale. And since natural gas prices typically lag oil, we should see a continued price climb. So more production at higher prices means more income means more EPS means more stock appreciation.
And CHK is experiencing considerable insider buying by its CEO, most recently 200,000 shares purchased from the open market around $59.75 I believe.
Recap of CNBC's Fast Money, Wednesday June 17.
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They All Fall Dow
The Dow had its second straight triple-digit decline and fell below 12,000 for the first time since March. “The market gaveth and tooketh away,” commented Jeff Macke, and he said the market should not be bought.
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Financial Fits: Morgan Stanley (MS), Financial Select SPDR (XLF), Regions Financial (RF)
Even though Morgan Stanley reported a 50% loss, it still managed to beat expectations, but doubts were raised if the bank can generate profits going forward. Guy Adami is optimistic and would buy Morgan with
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CHK
About Chesapeake Energy Corp
- Answers.com
At Friday’s closing price of $48.40, Chesapeake Energy shares are down 35% from their 12-month high of $74. But the cause is clear.
The Haynesville Shale appears to be the next platform for stock growth. With so few options in this market for growth, without agricultural plays such as (POT) and (IPI), the energy market looks primed for growth through the end of the year. Also, if you think that OPEC will help us, you are sadly mistaken. Since they have had low prices for so long OPEC will keep them up for as long as the US market doesn't belly flop. This is an interesting time for our economy but luckily 
