January 12, 2019 - 2:36 PM EST
Chesapeake Energy: Production And Stock Price Roar Ahead


Chesapeake Energy: Production And Stock Price Roar Ahead

Just about the time Mr. Market had figured that Chesapeake Energy (CHK) was about done, management came up with some decent surprises. Management surprised the market by reporting 468 KBOED volume. Management furthermore asserted that any oil production lost in the sale of the Utica Shale leases had already been replaced. Even though overall production volumes are lower as a result of that significant sale, the oil percentage of production is now clearly climbing. Along with that comes an assumed increase in profitability that makes this stock more favorable in the eyes

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Source: SeekingAlpha (January 12, 2019 - 2:36 PM EST)