This Energy company is widely undervalued. The oil and natural gas driller is in an excellent position to outperform, under the condition that crude oil prices recover. The energy company could acquire new assets that are accretive to earnings. Shares have an attractive risk/reward. It is my top energy bet for 2019.
I just doubled my position in oil and natural gas driller Chesapeake Energy Corp. (CHK) because the company's shares are widely undervalued and display a very favorable risk/reward. While the company is currently being weighed down by lower earnings expectations on the back of slumping crude oil prices, Chesapeake Energy Corp. has outsized growth potential in a robustly growing U.S. economy. Further, the company could do more acquisitions in 2019, adding new acreage and new cash flow.
Source: Seeking Alpha
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