After spending some serious time on the mat this summer, natural gas prices are showing some signs of life these days. Like a phoenix rising from the ashes, prices for the fuel have turned markedly higher.
And with some forecasters predicting the "coldest winter in a decade," traders are now beginning to make big bets that wintry weather could send the down-beaten commodity even higher still.
One them is our own energy expert, Chris Nelder, whose mid-simmer natural gas forecast is looking to be spot-on of late.
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On July 24, Chris told his readers:
"Natural gas under $4 was a steal in April, and it's even more of a steal now. Ignore the nattering nabobs of natty who worry on about inventory numbers; that's all noise. Lift your eyes from your shoes to the horizon, and you'll see that there's only one direction that gas prices can go over the coming year, and that's up."
A few weeks later, someone else who knows a thing or two about natural gas agreed. . .
Chesapeake Energy (NYSE:CHK) CEO Sees More Upside
During conference call in August, CEO of Chesapeake Energy Aubrey McClendon told analysts that he expected natural gas prices to jump to between $6 and $8 per MMBtu by next summer.
That's 57% higher from here on the low end. . . and a catalyst for pushing shares of Chesapeake Energy stock (NYSE:CHK) higher.
As you can see, shares of the company have been on a tear lately, right alongside natural gas:
Yet despite this resurgence in natural gas prices, swelling storage levels, and lackluster demand have many investors wondering whether or not to chase Chesapeake Energy's share price higher.
And in this free six-page report, The Wealth Advisory research team has broken down the popular natural gas stock, answering the question on every investor's mind these days. . .
Is Chesapeake Energy Stock a Buy, Sell or Hold?
In this free report, Wealth Daily subscribers will receive:
- The results from The Wealth Advisory's proprietary scoring model
- A buy, sell, or hold recommendation
- A 12-month Price Target along with a current Stop/Loss
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- And much more. . .
To receive a free download of this report and our Buy, Sell or Hold recommendation for Chesapeake Energy Stock (NYSE:CHK), click here.
I hope you enjoy your free Chesapeake Energy report. . . I'll be publishing more of these in the weeks to come.
Your bargain-hunting analyst,
Steve Christ, Investment Director
The Wealth Advisory
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And Chesapeake Energy has not necessarily kept its promises to minimize drilling noise in residential neighborhoods next to urban drilling sites in the southwestern part of the DFW metroplex.
So Texans around here are not very "bullish" on this company. Just some food for investor thought before purchasing CHK stock.