Monday, March 7, 2016

Oil & Gas: Peak Chesapeake (CHK)

The stock is at $5.33 up 25 cents after trading as high as $5.76.
From Slope of Hope:
This energy sector rally over the past four weeks has become insane. Apparently driving your car at a high rate of speed in order to (very messily) kill yourself is good for the stock of the company you founded.
As a side note, I made a horrible mistake with the “Let ‘Em Burn” video on February 11th which marked, virtually to the second, the bottom of the entire market. As God is my witness, I shall never post that video, or Chocolate Rain, again. Shame on me for my hubris....