Avery Schumer
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Avery Schumer in Sector Report,

Cheap energy in your portfolio

Just found a research by KIRK SPANO.

He suggests to buy energy stocks. Needless to say that oil and gas sectors have been crushed in recent quarters with shares of many companies down 50% or more.

For example Chesapeake Energy is one of the most heavily shorted stocks on the market. It is often said that the “shorts” are the smart money on Wall Street. 

Currently, the company’s market cap is about $5 billion. Mr. Spano's cost basis is about $11 per share and the current share price under $9.

Meanwhile the average recommendation is HOLD and average target price is $10.17. So i'm seriously thinking about taking chance on this stock.