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Chesapeake Energy Corporation (CHK) [hlAlert]

Rating:
Hold CHK
up 44.50 %

Chesapeake Energy Corporation (CHK) upgraded to Hold by Argus

Posted on: Wednesday,  Jun 6, 2012  8:25 AM ET by Argus

Argus rated Hold Chesapeake Energy Corporation (NYSE: CHK) on 06/06/2012. Previously Argus rated Sell Chesapeake Energy Corporation (NYSE: CHK) on 11/17/2011.,
when the stock price was $25.39. Since then, Chesapeake Energy Corporation has lost 30.80% as of 06/06/2012's recent price of $17.57.
If you would have followed the previous Argus's recommendation on CHK, you would have gained 44.5% of your investment in 202 days.

Chesapeake Energy Corporation is a producer of natural gas in the United States. The Company own interests in approximately 41,200 producing natural gas and oil wells that are producing approximately 2.3 billion cubic feet equivalent (bcfe) per day, 92% of which is natural gas. As of December 31, 2008, it was focusing on discovering, developing and acquiring conventional and unconventional natural gas reserves onshore in the United States primarily in the Big 4 natural gas shale plays: the Barnett Shale in the Forth Worth Basin of north-central Texas, the Haynesville Shale in the Ark-La-Tex area of northwestern Louisiana and East Texas, the Fayetteville Shale in the Arkoma Basin of central Arkansas and the Marcellus Shale in the northern Appalachian Basin of West Virginia, Pennsylvania and New York. It also has operations in various other plays, both conventional and unconventional, in the Mid-Continent, Appalachian Basin, Permian Basin, Delaware Basin, and South Texas.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/6/2012 8:25 AM Hold
None
17.57
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD up  21.17 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/17/2011 8:25 AM Sell
None
25.39
2/10/2011 8:25 AM Hold
None
30.82
11/30/2010 8:25 AM Sell
None
21.70
8/5/2009 2:25 PM Hold
None
23.58

(*) Stock Price at the time of the recommendation.
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