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Chesapeake Energy Corporation (CHK) [hlAlert]

Rating:
Buy CHK
down 84.34 %

Chesapeake Energy Corporation (CHK) rated Buy with price target $85 by Jefferies & Co

Posted on: Wednesday,  Jun 18, 2008  8:25 AM ET by Jefferies & Co

Jefferies & Co rated Buy Chesapeake Energy Corporation (NYSE: CHK) on 06/18/2008. Previously Jefferies & Co rated Buy Chesapeake Energy Corporation (NYSE: CHK)
on 02/20/2008., when the stock price was $44.84. Since then, Chesapeake Energy Corporation has lost 84.34% as of 01/28/2016's recent price of $7.02.
If you would have followed the previous Jefferies & Co's recommendation on CHK, you would have lost 84.34% of your investment in 2899 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.

Our focus on growing and mid-sized companies enables us to identify unique investment ideas, which can make the difference in a tough market. Jefferies' research effort covers U.S. & International equity, high yield, convertibles, investment grade fixed income and post-reorganization securities, as well as special situations and quantitative research. The more than 120-person team of research professionals covers over 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes and dig deeper to provide in-depth, thought provoking, objective research. Our analysts use a variety of quantitative and qualitative tools, integrating field analysis, proprietary channel checks and ongoing dialogue with the managements of the companies they cover. We utilize the latest technologies to deliver a research product that is timely, differentiated, and tailored to each customer's needs. Regular client access to companies and their management teams is provided through a wide variety of Jefferies hosted industry conferences, company management meetings and on-site tours.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/27/2009 8:25 AM Buy
None
15.94 20.00
as of 12/24/2008
1 Week down  -3.83 %
1 Month up  6.83 %
3 Months up  39.59 %
1 YTD down  -54.76 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/18/2008 8:25 AM Buy
None
64.69 85.00
2/20/2008 8:25 AM Buy
None
44.84 54.00

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