Dude they already won..stock has been down from 7.59 high to 4.45 in less than 1 week. It's crazy how fast this one falls.
they have hedged their 2016 NG production at $2.8 as per their earnings release. so lower NG price they look smart hedging it.
CHK has all their 2016 NG production hedged at 2.8. You did not read their earning released. 1.6 NG does not hurt them when they hedged.
price of 1.5 from high of 20+ is already too late.. company has lost 90% of market cap from peak.
i wonder with 20% up move why shorts are still holding this position? Annual meeting is now less than month away and we should get new CEO soon. RIG to 20 before end of April.
Shorts don't have to cover if they think company going under. So there is no guarantee that 111M shares will be bought back.
We are up 1$ from intra day low of 15.6 yesterday. Market is expecting some news on debt or CEO or move by Carl. 18 by end of this week. This will move upwards so fast that shorts will be running to cover their AS***
this is Hedge fund year end selling. Next week market will realize that there is global currency war going on and they will need to hide in this safe heaven. My year end price target is 1400.