Natural Gas Rig Count: The natural gas rig count – which recently slumped to a 13-year low – increased for just the fourth time in 26 weeks to 542 (a gain of 8 rigs from the previous week). Despite the weekly improvement, the number of gas-directed rigs is down approximately 42% from its 2011 peak of 936, reached during mid-October.
Very astute (or should I say asstoot?) observation,since chk rose 44.7% in the last 4 months,from$13.20 level. Are you implying that NOW IS THE TIME TO GET IN? You mean you already have missed the boat.
If you look at a chart of CHK,you will see that from the recent bottom,four times it has made lower bottoms and higher highs while rising 44.7%. Many times takeover prices are set at the closing average over the last 60 days.So every increase in chk price means we can expect a higher offer.