Just when you expect it least, Aubrey pulls a deal out. The Iran crisis is not even full bore yet. 300,000 more barrels per day are leaving the market. A real crisis is coming and if Iran sinks a foreign ship at or near Hormuz, all hell will break loose. Lloyd's will quarduple hull and cargo rates. If you are nervous, invest in a straddle or just sit tight on your long position. CHK is a winner and the future is blazing hot for CHK profits. If we do get a pull back, buy more shares.
I bought CHK in 2008 and waited and waited. And then rode it into the 60's. And sold. Now I'm back in and ..... I don't care what it does on any given day/week/month - or even year. I have my GTC sell in at 50 for half and 60 for the other half. So these silly bashers can bash all they want. It's kind of entertaining, actually.
The macro economics since 2008 are not a normal state of the market. If you have a loss just be patient and you will get it back. That is easy to say and hard to do, but it will work out. Energy is in new never before times and the ride will be rewarding but bumpy.