Dump dirty Coal stock get long clean Natural Gas stocks now!
If you haven't gotten in its not too late, the party is just about to get started. The keg isn't even here yet! I'm thinking that by mid April we will be around $25, and then be range bound from there until June. After that we should see a nice spike as we heat up this summer. The wildcard will be what happens next winter. Either way we are going higher, but if its a cold winter like this year NG stockpiles are going to be well below the 5 year average and that will put CHK above $60 by this time next year. Otherwise, if its just an average winter then mid 40s is pretty much a given. Good luck all, and get out of those #$%$ coal mining stocks, nobody likes coal sludge! Except maybe North Korea...
In the next few years, over 500 coal-fired power plants are scheduled to or will likely shutter. Most of the new energy generation capacity will come from natural-gas-fired plants. Also on the horizon are more fleet trucks and buses switching to natural gas. And eventually, liquefied natural gas (LNG) will become a significant export.
not sure about dumping coal stocks but chk yea 200 billion in assets but thats if you use the low short term prices for enrgy with china growing for 30 years what will the longer tern value of chk turn out to be
Its a shame that NG went to sub $2 last year. It was due of course to the warm winter, but still that really hurt CHK short term due to their debt. They are past that now, with no major amount of debt due until 2017, so as long as we have a 'normal' weather pattern CHK should do well. There was way to much gas out there before, lets hope they dont make the same mistake twice! Once LNG terminals are ready to ship the product in 2015, its game over for dirty Coal, at least here in America!