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Chesapeake Energy Corporation (CHK) [hlAlert]

down 79.44 %

Chesapeake Energy Corporation (CHK) rated Buy with price target $28 by Canaccord Genuity

Posted on: Tuesday,  Jun 12, 2012  9:25 AM ET by Canaccord Genuity

Canaccord Genuity rated Buy Chesapeake Energy Corporation (NYSE: CHK) on 06/12/2012. Previously Canaccord Genuity rated Buy Chesapeake Energy Corporation (NYSE: CHK) on
02/24/2011., when the stock price was $34.15. Since then, Chesapeake Energy Corporation has lost 79.44% as of 01/28/2016's recent price of $7.02.
If you would have followed the previous Canaccord Genuity's recommendation on CHK, you would have lost 79.44% of your investment in 1799 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.

Canaccord Genuity’s global team of over 100 research professionals are inquisitive, experienced and committed to generating actionable investment ideas. We analyze over 725 companies in a broad range of market sectors, identifying value and defining risk for our clients.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/12/2012 9:25 AM Buy
17.77 28.00
as of 12/31/2012
1 Week down  -2.35 %
1 Month down  -2.40 %
3 Months down  -11.92 %
1 YTD down  -25.43 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/3/2012 9:25 AM Buy
17.07 26.00
2/24/2011 11:25 AM Buy
34.15 49.00
1/11/2011 11:25 AM Hold

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