Chesapeake Energy Buying Opportunity
With Chesapeake Energy (CHK) down big again today, we are now about 27% off of its high at $74. This is a great company with great short term and long term potential. I have sold shares in the past at $55 and $65 to cash in on the run up because I expected a natural gas correction. Now, that we are in the correction, I am a buyer of shares.
Long term, I think there will be energy policies enacted by our government that will be very favorable for natural gas. Also, take a look at Boone Pickin’s energy plan that pushes natural gas as a transportation fuel.
When will we see the Chesapeake CEO buy more shares? At current levels, I imagine very soon. I highly recommend investors take a look at this stock as natural gas corrects!