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Opinion on  Chesapeake Energy Corp (CHK)     Sector: Energy  >  Industry: Oil & Gas Operations
CHK on pullbacks

Jul 25, 2008 03:18 PM GMT
Socialpicks
Return Risk
-5.75% LOW
Analyst

Fallen far pretty quickly.  Hopefully it will find support at the 200 SMA.  If not then it might bounce around, but I think in the long term, below 50 is a reasonable price for something with significant long-term growth potential.


CHK:  This call was made on 07/25/08 @ $48.1
Rating:   Positive   $48.1 (07/25/08)
Gain/Loss:   -50.83% in 487 days


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demetrious   36%     1 point   commented 481 days ago reply

Earnings come out at the close today. Always a bit of a gamble but I thought this was a good opportunity for entry. If earning push it higher, I'll try to be patient. If earnings make it fall, I'll likely double my position. Long-term I like this play.

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