Monday June 11, 2018
Former CEO Aubrey McLendon died in a one car crash teh day after he was charged with conspiring to rig bids fo roil and gas leases.
That was March 2016. Perhaps CHK is finally coming out of its bear market.
CHK still has holdings in the Eagle Ford. It will surely be a big supplier of gas to the nearby Corpus Christi exports of LNG.
2.5 Year Chart
Daily Six Months
Gee looks like a giant short covering rally to me! All those still looking for lower CHK prices have apparently been forced to buy back the short positions.
Nat gas is the clear fuel, this looks like a great long term position. But CHK may be a tad over done here short term.