Dividends4Life: Chesapeake Energy Is Set To Roar

Chesapeake Energy Is Set To Roar

Posted by D4L | Tuesday, July 23, 2019 | | 0 comments »

Chesapeake Energy Corp. (CHK) is a domestic oil and natural gas driller with large investments in America's most promising shale fields including the Powder River Basin, the Marcellus field and the Eagle Ford shale. Chesapeake Energy Corp. has made acquisitions in the past that added to its core acreage in the Eagle Ford and the Mid-Continent.

Chesapeake Energy Corp.'s (CHK) shares are undervalued and offer investors with a high risk tolerance 50 percent or more upside as price realizations hold steady/edge up and the company announces new acquisitions. Chesapeake Energy Corp.'s shares look to have bottomed out already, and last weekend's trade truce between the U.S. and China could actually support a multiple re-rating for Chesapeake Energy Corp.

Source: Seeking Alpha

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