Chesapeake Energy is a leading producer of natural gas, a heavy producer of oil and natural gas liquids, and a very active driller of new U.S. wells.
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Chesapeake Energy is positioned to benefit nicely from future price increases because of demand. Chesapeake has invested in the acquisition of new oil and natural gas reserves. CHK owns its own drilling rigs allowing it keep drilling costs down and to move rapidly in exploiting its reserves. Sold property to pay off debt and invest in biggest gas field (TBD).
Energy analysts predict oil and natural production to increase 20% in 2008. This is a big plus for the company.
If Pickens gets his way, 20% of cars will be running on Natural Gas vs oil. He says take gas out of power plants but I suspect that will not happen.
If management is good they will prosper.