Monday, June 19, 2006

Widely Watched --- CHK

CHK (Chesapeake Energy Corp.)

CHK engages in the development, acquisition, production, exploration, and marketing of onshore oil and natural gas properties in the United States. It owns big gas, and some oil, reserves.

CHK has excellent fundamentals. Its current price range is very attractive. I think it is good time to get in when the oil and gas stocks are not hot yet. It is safe to have a company such as CHK in your portfolio. Its potential is very good also.

Its closing price, as of 6/19/06, is $28.71. It is good for all kinds of investors. Its volatility will benefit the short term players; its long run potential will benefit the long term investors.

My suggestion: Buy (9)
Instruction: There seems a support at $27-$28. Buy it whenever the price is low.

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