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Chesapeake’s Troubles Make It a Stock to Stay Away From

April 23, 2014 | About:

You Stole my one month's money and i stole all my articles. How's that?


Rating: 2.6/5 (5 votes)



Vgm - 1 year ago

Your view contrasts with that of Longleaf, as discussed in their latest Quarterly Report from last week. But I'd agree the current price level is not an attractive entry point:

"Energy company Chesapeake retreated 5% in the quarter following a strong 2013. Short-term questions about production levels, the mix between gas and liquids, and additional asset sales pressured the stock. Our appraisal, however, grew slightly due to successful cost reductions. CEO Doug Lawler has made substantial progress since taking the helm last year, and we believe his capital discipline and operational effectiveness will reward shareholders."

(I am long CHK and optimistic for its 3-5 year future)

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