27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Coleman maintains his 2016 loss forecast of $0.36 per share and sees only modest earnings in 2017. The analyst projects 2017 adjusted earnings forecast is $0.40 per share. The Street expects a loss of $0.35 a share for 2016 and profit of $0.41 a share for 2017.
The analyst said Chesapeake's balance sheet remains weak, despite its steps to strengthen it by selling less profitable assets; Chesapeake has also postponed its dividend to conserve cash.
"Our rating on Chesapeake Energy remains HOLD as the company struggles to generate cash flow, manage its heavy debt load, and adapt to a lower commodity price environment," Coleman wrote in a note.
"Despite these signs of progress, we believe that Chesapeake will continue to face significant headwinds during a period of low commodity prices," the analyst added.
Coleman forecast that West Texas Intermediate crude will average $40 per barrel in 2016, down from $50 in 2015 and well below the average of $93 in 2014 and $98 in 2013. Oil prices can be volatile, and they could range between $25 and $55 per barrel in 2016.
At the time of writing, shares of Chesapeake Energy were down 1.19 percent to $4.55.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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