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Chesapeake Energy Corporation (CHK) [hlAlert]

Rating:
Strong Buy
CHK
down 85.44 %

Chesapeake Energy Corporation (CHK) upgraded to Strong Buy by CapitalOne southcoast

Posted on: Monday,  Aug 4, 2008  10:25 AM ET by CapitalOne southcoast

CapitalOne southcoast rated Strong Buy Chesapeake Energy Corporation (NYSE: CHK) on 08/04/2008. Previously CapitalOne southcoast
rated Add Chesapeake Energy Corporation (NYSE: CHK) on 05/16/2008., when the stock price was $58.51. Since then, Chesapeake Energy Corporation has lost 17.59% as of 08/04/2008's recent price of $48.22.

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.

Capital One Southcoast, Inc's research analysts provide comprehensive, ongoing research support. Our research analysts generate investment ideas for institutional clients across a broad range of industry sectors. Capital One Southcoast, Inc is a wholly-owned non-bank subsidiary of Capital One Financial Corporation. The securities sold, offered, or recommended by Capital One Southcoast, Inc are not insured by the FDIC, not bank guaranteed, and may lose value.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/4/2008 10:25 AM Buy
None
48.22
as of 12/24/2008
1 Week down  -3.83 %
1 Month up  6.83 %
3 Months up  39.59 %
1 YTD down  -56.86 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/16/2008 9:25 AM None
None
58.51

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