$22.13
-0.21 (-0.94%)
Chesapeake Energy Corp (NYSE:CHK)
CAPS Rating:
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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Recs
The recent move to possibly issue new shares is confusing. The collapse in commodity prices is also stressing this stock. But CHK has hedged against the commodity prices and commodity prices will recover when growth returns to western economies or everyone realizes that the world economy as a whole is still demanding energy. Going long with a 5 year horizon.