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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.
Once the dust settles from their selloff of assets and the shakeup of the board, CHK will be a good long-term hold. The price of natural gas should return to the $4 to $5 range in the next year of so which will drive CHK to increase drilling/production on their now idle NG leaseholds and improve their profitability.
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