RedHotStocks

Shorts will be forced to cover in Chesapeake Corp

Long
NYSE:CHK   None
Battleground stock of the day is possibly CHK, we expected a much greater spike in price today given the massive 28% short Interest, in they days to come we expect tensions in the middle east to deteriorate further, thus putting added pressure in they most stubborn shorts.
AVERAGE ANALYSTS PRICE TARGET $1.95
AVERAGE ANALYSTS RECOMMENDATION HOLD
P/R RATIO 3.9%
SHORT INTEREST 28.8%
COMPANY PROFILE
Chesapeake Energy Corp. is an independent exploration and production company, which engages in acquisition, exploration and development of properties for the production of oil, natural gas and natural gas liquids from underground reservoirs. It focuses on projects located in Louisiana, Ohio, Oklahoma, Pennsylvania, Texas, and Wyoming. The company was founded by Aubrey K. McClendon and Tom L. Ward on May 18, 1989 and is headquartered in Oklahoma City, OK.

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