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Chesapeake Energy Corporation Message Board

  • reeldeal519 reeldeal519 Sep 16, 2013 2:42 PM Flag

    more like a slow grind upward

    It will take several quarters of cost cutting to get the market to recognize the effort. There is still a very large short interest on the stock that will keep a cap on upward movement until a few good quarters are behind the company. The best thing CHK can do is improve the financials quickly and force a short squueze

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    • We should be trading in the 40s by March 2014

    • CHK is not concerned about the shorts.
      Six insiders have each purchased six or seven figure sums of the stock recently.
      Carl Icahn has increased his holdings over the last six months.
      The company management and key shareholders want to operate
      CHK with an employee count that is similar to Apache and Devon.
      I expect that company payroll is going to decline by 25% over the next
      six months, drilling costs are going to drop and oil production is going
      to go up.

      I would not be surprised to see CHK sell off its oil services and drilling
      companies in 2014 and another 25% of the employees will be gone at that time.
      As these events take place over the next 6-12 months the shorts should
      be taken care of.

      Rome was not built in a day. Give the new team of executives 12-24 months.
      So far they have accomplished significant steps in 6 months.

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