Monday, December 1, 2008

Dec. 1, 2008 CHK down over 12%

CHK was down $2.18 today, roughly 12.69%. The entire energy sector was slammed on news that OPEC decided against cutting oil production over the weekend. Considering 90% of CHK's proved reserves are natural gas, I believe that this huge loss is largely systemmatic and severely overblown, especially considering the volatility seen in the broader market.

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