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Chesapeake Energy Corporation (CHK) [hlAlert]

Rating:
Accumulate
CHK
down 66.52 %

Chesapeake Energy Corporation (CHK) rated Accumulate with price target $40 by SMH Capital

Posted on: Monday,  Nov 17, 2008  9:25 AM ET by SMH Capital

SMH Capital rated Accumulate Chesapeake Energy Corporation (NYSE: CHK) on 11/17/2008, when the stock price was $20.97. Since
then, Chesapeake Energy Corporation has lost 66.52% as of 01/28/2016's recent price of $7.02.
If you would have followed this SMH Capital's recommendation on CHK, you would have lost 66.52% of your investment in 2628 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.

Sanders Morris Harris has built a unique, niche-oriented research effort that's attuned to the Southwest, yet takes a broad, global perspective. Our analysts cover some 100 companies in six broad sectors, including business services; energy; entertainment & media; financial services; and technology. Whatever the geographical focus, our research approach is fundamental and no-nonsense. We look at industries in a bottom-up way, and get to know company managements in depth, to understand their growth philosophy and their views of how their company fits within their group. And we provide straightforward, timely advice to both institutional and private clients based on that research. Unlike many Wall Street firms, which have developed arcane "recommendation matrixes," we have three simple categories of investment advice: buy, sell and hold. And we transmit our recommendations in timely, useful form. Our on-line Research Library gives clients access to the full range of company reports and bulletins generated by our analytical staff. Above all, of course, the success of SMH's research effort rests on its gifted team of analysts - a purposeful blend of experienced research pros and young, creative individuals, all of whom have honed their financial skills within the target industry or with major accounting firms. The combination works. Three of our analysts have appeared on the Wall Street Journal roster of All-Star Analysts or on the Institutional Investor's All-Star Research Team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/17/2008 9:25 AM Buy
None
20.97 40.00
as of 12/24/2008
1 Week down  -3.83 %
1 Month up  6.83 %
3 Months down  -0.81 %
1 YTD down  -0.81 %

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