I'm thrilled with CHK now that their BB has been "corrected" and with the rises in price of oil and gas. I hope my US E&Ps take this opportunity to start to hedge just a little more NYMEX strip looking a little healthier.
No green light for me on accumulating SSN (I am in the sell queue now as earlier indicated). I didn't particularly care for the details disclosed in the 8K filing but not in the PR. Had I of had that I would not have have made the purchase. I hope you are right with your prediction of moving up through 0.7/0.8.
I'll wait until the elephants have been moved away before making any new decision to open a long position.
SSN Price at posting:
0.6¢ Sentiment: None Disclosure: Held
