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Bullish Case: CHK's production cuts signal discipline; increased institutional holdings suggest confidence. Upgraded earnings forecasts indicate improving fundamentals, supporting higher prices.


Bearish Case: Natural gas glut and tepid demand continue to pressure prices. CHK's previous production cuts may not sustain current price levels amidst macro bearish sentiment.


Potential Outcomes: 60% chance of modest price uptrend on disciplined production and favorable analyst ratings, 30% chance of continued flat or downtrend due to market skepticism, 10% surprise volatility event.


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April 05, 2024


Chesapeake Energy Forecast

CHK        Chesapeake Energy
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with CHK



CTRA Forecast + Options Trading Strategies   CTRA  Coterra Energy (0.88)


AR Forecast + Options Trading Strategies   AR  Antero Resources (0.88)


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (0.86)


MRO Forecast + Options Trading Strategies   MRO  Marathon Oil (0.83)


ERX Forecast + Options Trading Strategies   ERX  Direxion Daily Energy Bull 2X Shares (0.81)



Uncorrelated Stock Forecasts

Assets with little price relationship to CHK



SPLG Forecast + Options Trading Strategies   SPLG  SPDR Series Trust - SPDR Portfolio S&P 500 (-0.0)


DLR Forecast + Options Trading Strategies   DLR  Digital Realty (0.0)


CYBR Forecast + Options Trading Strategies   CYBR  CyberArk Software (0.0)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (0.0)


UBER Forecast + Options Trading Strategies   UBER  Uber (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against CHK



LH Forecast + Options Trading Strategies   LH  Laboratory Corp. Of America (-0.68)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.73)


PLNT Forecast + Options Trading Strategies   PLNT  Planet Fitness (-0.76)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.77)


CNXC Forecast + Options Trading Strategies   CNXC  Concentrix (-0.78)





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