Thanks for that - will take a look at that book at some point
A quick Search shows chk to be in just about the least “Trendy” place products wise, Narural Gas, Oil and “Fracking”. Apparently they aquired another Oil Company in February, laid off 400 last year and there are some pretty damaging insinuations about their CEO on “Wiki” - but whether that is “spin” because they are “unGreen” or true is a matter for personal speculation.
At the moment, it seem Pres Trump is rightly scepticall about the “Global Warming” hype, and particular the “Benefit - cost” position of any measures the US could put in place sensibly at the moment. But I seem to remember many of the States are ignoring his policies, and who knows what damage his successor will do to the US economy and the Hydrocarbons Sector in knee jerk reactions to irrational pressures ?
Imo to “Buy” this share as an “investment” is in some ways akin to “Shorting CO2 = Global warming” - which I believe personally will eventually prove to be the correct position - BUT whether the likes of chk will have been driven to extinction before that can be shown I don’t know !
If you want to “Trade it” - and I see no real short term objection to that, apart from the underlying issues I have stated - then @dpaterso advice and logic seems to be absolutely fine ! Listen to the man !
It will be a longer term trade - but hey - that can be fine and could offer opportunities to “scale in” as and if it goes up.
Do let us know what you decide.