Reflecting on our positions and where this trade is likely to trade
Section 232 Uranium tariffs this month is likely to be a driver on the natural gas price ultimately pushing Chesapeake higher!
With section 232 Uranium tariffs around the corner, natural gas is lining up perfectly for an event-driven opportunity to get long!
Chesapeake is likely to see some real buying into April if section 232 tariffs on Uranium are passed (high probability)
Would love to hear your perspective in the comments sections below! Have a wonderful day!
When investing in single stocks there is balance sheet risk, in this case, its the CoCo Bonds that worry me so CHK has to be part of a diversified portfolio.
A chart perspective of Boeing.
Our wave 2 low from support looks to be holding strong. I believe the wave 3 has started and section 232 tariffs on Uranium as likely to be the driver moving forward. The target for Wave 3 is above $7, section 232 announcement is in April.
I don't like to post about single equities due to the balance sheet risk they propose, this is a company I have bought to take advantage of the outcome of section 232 as mentioned in the earlier update on Natural Gas. manage your risk effectively and don't be a blind sheep, this is not advise!
The catalyst for nat gas moving forward is Section 232 tariffs on Uranium, the decision is on April 19'