In addition to oil, the natural gas market has the potential to explode. Unlike many stocks in the market it has been a choppy five years for Chesapeake Energy (CHK), but that will change with Gore’s proclamation of oil being a bubble market.
Talk about a cheap stock. Analysts expect Chesapeake to grow profits by 30% in 2014. You can buy that impressive growth for just 17 times 2013 estimated earnings. If the market rallies year, you can bet that Chesapeake will be one of the biggest gainers. Gore’s call has to be the contrarian indicator of the century.