Chesapeake Energy Corp (NYSE:CHK)

CAPS Rating: 4 out of 5

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.

Recs

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Player Avatar Quaker08 (98.09) Submitted: 3/14/2013 7:51:50 PM : Outperform Start Price: $19.86 CHK Score: -11.84

New chairman of board(Archie Dunham) is starting to clean up this mess. Expect an experienced new CEO in the next few months to bring some accountability back to the company. I expect sales of non-core assets to continue until CHK is focused on only a handful of basins(Eagle Ford, Marcellus, Niobrara, and Utica). This transformation could unlock the value in CHK assets.

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