Thursday, December 23, 2010

Karl Miller Morning Market Update on Chesapeake Energy (NYSE: CHK)

December 23, 2010 ( energy newswire) - Energy Report from Karl Miller
Morning Market Update: Chesapeake Energy (NYSE: CHK) with price now above $25.60/share in morning trading, stock looks like and "extremely attractive short sale" at these inflated levels. Since November 30, 2010 CHK shares have risen over 21%, well ahead of the Company's ability to generate cash flow per share in 2011 and 2012 given capital expenditure commitments, leasehold obligations, and capped prices due to forward sales through volumetric production payments (VPP's).
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